Form 4 for OPRX OptimizeRx Corp
Accepted 2021-10-19 00:00:00 ET · period of report 2021-10-15 · accession 0001213900-21-053524 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-10-19 | 2021-10-15 | OPRX | FEBBO WILLIAM J | CEO, Dir | S - Sale | $84.20 | -16.7K | 502.7K | -3% | -$1.40M |
| D | 2021-10-19 | 2021-10-15 | OPRX | FEBBO WILLIAM J | CEO, Dir | A - Grant | $0.00 | +182.4K | 182.4K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock (pursuant to 10B5-1 plan) | 2021-10-15 | S | D | 16,666 | $84.20 | 502,709 | D | — | — | (F1) These shares sold pursuant to a plan of disposition adopted on May 28, 2021 in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. |
| 2 | Derivative | Performance Stock Units | 2021-10-15 | A | A | 182,398 | $0.00 | 182,398 | D | — · — to 2026-10-15 | 182,398 Common Stock | (F2) Each performance stock unit represents a contingent right to receive one share of the OptimizeRx's common stock. The first 33% of the performance stock units are earned upon OptimizeRx common stock achieving an average closing price per share of $98.87 or higher for 30 consecutive trading days during the five-year performance period. Another 33% of the performance stock units are earned upon OptimizeRx common stock achieving an average closing price per share of $131.82 or higher for 30 consecutive trading days during the five-year performance period. A final 34% of the performance stock units are earned upon OptimizeRx common stock achieving an average closing price per share of $164.78 or higher for 30 consecutive trading days during the five-year performance period. If earned, the performance stock units will, subject to certain exceptions, vest ratably on the first anniversary of such performance achievement. Any performance stock unit that has not been earned and vested as of the fifth anniversary of the grant date will be forfeited. Vesting of the performance stock units shall accelerate upon a qualifying termination. |