United Online's President and CEO just picked up 134,000 shares

Francis Lobo, United Online's President and CEO, recently acquired 134,000 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 March 06, 2014. Lobo now owns 165,786 shares of the company. Lobo operates out of Woodland, CA. Some additional info was provided as follows:

Represents an award of restricted stock units. Each unit will entitle the Reporting Person to one share of the Issuer's common stock upon vesting. The units will vest and become issuable in three successive equal annual installments on November 5, 2014, November 5, 2015 and November 5, 2016, provided the Reporting Person continues in the Issuer's service through each applicable vesting date. Includes 31,786 shares subj ect to a restricted stock unit award granted on November 8, 2013 that will be issued as those units vest. Includes 134,000 shares subject to the reported restricted stock unit award. The option shall vest and become exercisable as follows: one-third will vest and become exercisable upon the Reporting Person's continuation in service through November 5, 2014, and the balance will vest and became exercisable in 24 equal monthly installments upon the Reporting Person's completion of each additional month of service thereafter.

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

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Other recent filings from the company include the following:

United Online's President and CEO just disposed of 13,672 shares - Dec. 5, 2014
United Online director just disposed of 333 shares - Dec. 3, 2014

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