1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Employee Stock Option (Right to Buy)
|
Â
(2)
|
02/28/2027 |
Common Stock
|
250,000
|
$
4.83
|
D
|
Â
|
* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
This amount includes (a) 150,000 restricted stock awards granted to Mr. Lindstrom on February 28, 2017, of which one-third of the restrictions will lapse on each of the first, second and third anniversaries of the grant date, subject to Mr. Lindstrom's continuing employment with the Issuer, and (b) shares of the Issuer's common stock granted to Mr. Lindstrom as a component of his pro rata portion of the merger consideration pursuant to Skout, Inc.'s merger into the Issuer, effective October 3, 2016. Of the shares Mr. Lindstrom initially received as a component of his pro rata portion of the merger consideration, 63,002 shares are currently being held in escrow and are subject to forfeiture during the eighteen month period following the effective date of the merger to satisfy claims arising as a result of Skout, Inc.'s breach of any of its representations and warranties or covenants in the merger agreement. |
(2) |
Mr. Lindstrom received an option in the amount of 250,000 shares on February 28, 2017 (the "Option Grant Date"), subject to Mr. Lindstrom's continuing employment with the Issuer. The option vests in three equal installments, on an annual basis, beginning on the first anniversary of the Option Grant Date. |