Jarrett Disbrow, Rosewind CORP's Chief Operating Officer and a director of the company, has just filed an initial statement of beneficial ownership where 601,004 shares of Rosewind CORP were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Disbrow. Disbrow operates out of Englewood, CO. Some additional info was provided as follows:
Of these shares, 165,000 are restricted shares that vest on July 7, 2026, subject to earlier vesting in certain situations.
33.3% vest on November 11, 2016, 33.3% vest on November 11, 2017 and 33.3% vest on November 11, 2018, subject to the Grantee's continued service as an employee on such dates.
33.3% vests on the one year, two year and three year anniversa
ry of the date of grant, subject to the Grantee's continued service as an employee on such dates.
These four transactions involved an amendment of the exercise price of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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