Willis Randy 4
4 · BK Technologies Corp · Filed Jun 24, 2022
Insider Transaction Report
Form 4
Willis Randy
Chief Operating Officer
Transactions
- Award
Stock Option (Right to Buy)
2022-06-22+30,000→ 30,000 totalExercise: $2.48Exp: 2032-06-22→ Common Stock (30,000 underlying)
Footnotes (1)
- [F1]The option will vest (a) on June 22, 2023, as to that percentage for which the following performance criteria are met: (i) as to 50% of the shares, achievement of product cost reduction milestones by October 1, 2022; (ii) as to 30% of the shares, achievement of product lead time milestones by December 31, 2022; and (iii) as to 20% of the shares, achievement of product cost reduction milestones by September 1, 2022; or (b) as to any options that do not vest pursuant to subparagraph (a) above, upon a change in control of the Issuer on or before June 22, 2027.