John Choo, Indoor Harvest Corp's President and a director of the company, recently acquired 83,280 shares of the company. The buys took place at $0.00 per share (and therefore, likely the result of option or restricted share grants), on April 15, 2016. Choo now owns 521,620 shares of the company. Choo operates out of Ottawa, A6. Some additional info was provided as follows:
If the Director is a Director both at the Date of Award and Date of Vesting, the shares for each award in the Table below shall be fully vested, a certificate representing the shares shall be issued and shall be non-forfeitable. If the Director is not a Director at the Date of Award, the shares for each award in the Table above at that date and thereafter shall not be awarded. If the Director is
a Director at the Date of Award and not at the Date of Vesting, the shares for each such award in the Table above shall be forfeited, no shares shall be issued thereafter and a certificate representing the shares shall not be issued. Shares to be vested per the following schedule:
Number of Shares and Date of Vesting: May 31, 2016 - 20,820; August 31, 2016 - 20,820; November 30, 2016 - 20,820; March 13, 2017 - 20,820; Total 83,280
Market price day of issue for services as Director
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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