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 |
Non-Qualified Stock Option (right to buy)
|
Â
(4)
|
05/20/2025 |
Common Stock
|
149,533
|
$
4.7
|
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) |
Includes 1,250,000 restricted stock units subject to achievement of specified Company common stock prices during the period June 1, 2015 through May 31, 2019 (the "Performance Period) and, if achievement is met, vest 50% on September 11, 2019 and 50% on September 11, 2020. Achievement varies from 0% to 120%, and in order to earn 100%, the volume-weighted average price over any consecutive 150-calendar days during the Performance Period must be at least $8.00. |
(2) |
Includes 63,366 restricted stock units subject to performance-based vesting conditions based on the company's actual results compared to financial objectives established under the long-term incentive compensation plan, and vest 100% on May 20, 2018, subject to achievement of the performance-based vesting conditions. |
(3) |
Includes 31,683 restricted stock units that vest 100% on May 20, 2018. |
(4) |
Stock options vest 33 1/3% on each of May 20, 2016, May 20, 2017 and May 20, 2018. |