TOROTEL INC 4
4 · TOROTEL INC · Filed Sep 29, 2016
Insider Transaction Report
Form 4
TOROTEL INCTTLO
Hancock Heath
Chief Financial Officer
Transactions
- Award
Common Stock
2016-09-21+160,000→ 160,000 total
Footnotes (2)
- [F1]These shares are restricted securities and subject to certain conditions under a Restricted Stock Agreement dated September 21, 2016. These shares are subject to a risk of forfeiture and cannot be sold, donated, transferred or in any manner encumbered except in accordance with the terms of such agreement. Based upon the Corporation attaining certain financial goals during the five-year period ending April 30, 2021, as outlined in the agreement, the Restricted Shares shall be released from the restrictions and risk of forfeiture on September 21, 2021.
- [F2]Shares granted pursuant to a Restricted Stock Agreement.