Craig A Lang, an insider of SPOTLIGHT INNOVATION, INC., recently acquired 108,000 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. Lang now owns 108,000 shares of the company. Lang operates out of Brooklyn, IA. Some additional info was provided as follows:
On February 24, 2016 Reporting person received an option to purchase seventy five thousand (75,000) shares of the Company's Common Stock with an exercise price equal to the closing price on the date prior to the date of the grant. Subject to continued service as a Director, these options will vest one third upon issuance, one third on the one year anniversary of Reporting Person being a member of the Board of
Directors, and one third on the second year anniversary of Reporting Person being a member of the Board of Directors. The option will be subject to the terms of the Spotlight Innovation Inc. 2015 Equity Incentive Plan (the "Plan") and the related stock option award agreement issued pursuant to the Plan.
The options were returned to the Company for cancellation in exchange for shares of common stock.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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