Towerstream Corporation's Chief Executive Officer just declared 2,139,585 options

Ernest Ortega, Towerstream Corporation's Chief Executive Officer, has now declared ownership of 2,139,585 options from the company. The strike prices of the options received ranged from $0.17 to $7.00, and these expire on dates ranging from January 01, 2026 to January 24, 2027.

Some additional info was provided as follows:

Vested monthly over a one-year period from January 1, 2016. Granted on September 16, 2016 and vests six months thereafter. Granted on January 3, 2017 and vests six months thereafter. One-third vests on the one-year anniversary of the date of grant and the remaining two-thirds vest in eight subsequent equal quarterly installments following the one-year anniversary of the date of grant, so long as Reporting Person remains employed by the Issuer on the vesting date. 50% vests upon three consecutive quarters with positive cash flow and 50% vests upon sale of the Issuer's grandfathered earth station and related assets for gross proceeds equal to or greater than $15,000,000.

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

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