Cristopher Grunewald, an insider of SPOTLIGHT INNOVATION, INC., recently acquired 15,000 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 December 23, 2016. Grunewald now owns 5,618,627 shares of the company. Grunewald operates out of Urbandale, IA. Some additional info was provided as follows:
The shares were issued under the Company's equity incentive plan in exchange for options.
The options were returned to the Company for cancellation in exchange for shares of common stock.
The options were to vest 25% upon grant, and 25% on each of the first, second and third anniversary of grant date.
The above information was disclosed in a filing to the SEC . To see the filing, click here.
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