Anthony Cherbak, Resources Connection's CEO & President, just received 70,000 options from the company. The strike price of the options received was $14.52, and these expire on September 09, 2026. Cherbak now owns at least 70,000 options on the company.
Some additional info was provided as follows:
This amendment is filed to correct the Date of Earliest Transaction, Conversion or Exercise Price of Derivative Security, Transaction Date and Expiration Date as described below. On September 16, 2016, a Form 4 was filed for Anthony Cherbak reporting the grant of 70,000 Non-Qualified Stock Options on September 7, 2016. The date of the grant was actually September 9, 2016. On October 6, 2016, a second Form 4 was filed for Mr. Cherbak re-reporting the grant of 70,000 No
n-Qualified Stock Options to reflect the correct grant date of September 9, 2016; however, this second Form 4 did not indicate that it was an amendment to the first Form 4 filed on September 16, 2016. (Please see footnote 2 for additional information.)
This amendment clarifies that (a) only one award of 70,000 Non-Qualified Stock Options was granted to Mr. Cherbak on September 9, 2016, with a Transaction Date of September 9, 2016 and an Expiration Date of September 9, 2026, (b) the correct exercise price is $14.52, and (c) that no other or additional grants of Non-Qualified Stock Options were made to Mr. Cherbak on September 7, 2016. Therefore the Form 4 filed for Mr. Cherbak on October 6, 2016 should be disregarded.
Options vest 25% a year from date of grant.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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