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 |
Performance Stock Options
|
11/21/2015(1)
|
11/21/2019 |
Common Stock
|
38,000
|
$
2.805
|
D
|
Â
|
Performance Stock Options
|
11/18/2016(2)
|
11/18/2020 |
Common Stock
|
28,000
|
$
3.51
|
D
|
Â
|
Performance Stock Options
|
08/09/2017(3)
|
08/09/2023 |
Common Stock
|
1,774
|
$
4
|
D
|
Â
|
Performance Stock Options
|
12/22/2017(4)
|
12/22/2023 |
Common Stock
|
25,000
|
$
3.46
|
D
|
Â
|
Stock Options
|
04/24/2017(5)
|
04/24/2024 |
Common Stock
|
125,000
|
$
2.76
|
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) |
The options are performance options granted on November 21, 2014. The options vest and are exercisable in 1/3 increments over a three year period commencing on the first anniversary of the date of grant. |
(2) |
The options are performance options granted on November 18, 2015. The options vest and are exercisable in 1/3 increments over a three year period commencing on the first anniversary of the date of grant. |
(3) |
The options are performance options granted on August 9, 2016. The options vest and are exercisable in 1/3 increments over a three year period commencing on the first anniversary of the date of grant. |
(4) |
The options are performance options granted on December 22, 2016. The options shall vest and become exercisable in 1/3 increments over a three year period commencing on the first anniversary of the date of grant. The maximum number of options subject to the grant shall be 25,000. The number of options to be received by the Reporting Person is dependent upon the achievement of certain corporate goals, determined by the Compensation Committee of the Issuer. |
(5) |
The options were granted on April 24, 2017; 1/3 vested upon grant, 1/3 shall vest on the first anniversary of the grant date and the remaining 1/3 shall vest on the second anniversary of the grant date. |