John Jr. Donofrio, a director of Rosewind CORP, has just filed an initial statement of beneficial ownership where 65,000 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 Donofrio. Donofrio operates out of Englewood, CO. Some additional info was provided as follows:
These are restricted shares that vest on July 12, 2026, subject to earlier vesting in certain situations.
25% vests on September 30, 2016, December 31, 2016, March 31, 2017 and June 30, 2017, subject to the Grantee's continued service as a Director on such dates.
These two 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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