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
(1)
|
07/07/2023 |
Common Stock
|
20,000
|
$
11.57
|
D
|
Â
|
Employee Stock Option (right to buy)
|
Â
(1)
|
05/11/2024 |
Common Stock
|
5,500
|
$
9.74
|
D
|
Â
|
Employee Stock Option (right to buy)
|
Â
(2)
|
09/07/2024 |
Common Stock
|
20,000
|
$
8.61
|
D
|
Â
|
Restricted Stock Units
|
Â
(3)
|
Â
(3)
|
Common Stock
|
7,000
|
$
0
(4)
|
D
|
Â
|
Restricted Stock Units
|
Â
(5)
|
Â
(5)
|
Common Stock
|
6,000
|
$
0
(4)
|
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) |
25% of the shares subject to the grant vest and become exercisable on the one-year anniversary of the grant date, then 2.0833% of the shares subject to the grant vest and become exercisable each month thereafter, until such time as the option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. |
(2) |
2.0833% of the shares subject to the grant vested and became exercisable on August 22, 2014 and thereafter vest as to 2.0833% of the total number of shares in equal monthly installments until such time as the option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. |
(3) |
The restricted stock units ("RSUs") vest every six (6) months as to 12.5% of the total RSUs in equal installments, with the first 12.5% vesting on June 8, 2015, until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person following vesting. |
(4) |
Each RSU represents a contingent right to receive one share of the Issuer's common stock. |
(5) |
25% of the RSUs vest annually on the anniversary of the grant date, until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting. |