Hydra Industries Acquisition Corp.'s Chief Strategy Officer just picked up 150,000 shares

Daniel B. Silvers, Hydra Industries Acquisition Corp.'s Chief Strategy Officer, recently acquired 150,000 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 January 03, 2017. Silvers now owns 150,000 shares of the company. Silvers operates out of New York, NY. Some additional info was provided as follows:

Grant of restricted stock pursuant to the Inspired Entertainment, Inc. 2016 Long-Term Incentive Plan. The shares of restricted stock vest in three equal installments: Installment 1 -- On the later of (i) December 23, 2017 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $12.50 or higher. Installment 2 -- On the later of (i) December 23, 2018 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $15.00 or higher. Installment 3 -- On the later of (i) December 23, 2019 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $17.50 or higher. Each restricted stock unit represents a contingent right to receive one share of INSE common stock (the "Common Stock"), subject to forfeiture as set forth in the Inspired Entertainment, Inc. Second Long-Term Incentive Plan (the "Second Plan"). The Second Plan has been approved by the Issuer's Board of Directors and is pending stockholder approval. All grants thereunder are contingent upon stockholder approval of the Second Plan. Each restricted stock unit shall be settled by the issuance of a share of Common Stock in certificated or uncertificated form on the earliest of (i) December 23, 2019, (ii) the holder's death, (iii) the holder's disability (within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended) or (iv) the closing of a Change in Control (as set forth in the Inspired Entertainment, Inc. Second Long-Term Incentive Plan).

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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