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Post by sla55 on Feb 1, 2017 9:33:33 GMT -5
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Post by tarheelblue004 on Feb 1, 2017 9:46:12 GMT -5
Kent Kresa!
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Post by centralcoastinvestor on Feb 1, 2017 9:51:29 GMT -5
This is good news. If I'm reading correctly. They bought a lot. Or is this just stock options?
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Post by MnkdWASmyRtrmntPlan on Feb 1, 2017 9:54:13 GMT -5
Looks to me like it's just the documentation from officers getting their stock options back in May, 1016.
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Post by alethea on Feb 1, 2017 9:54:38 GMT -5
Hey sla4235, these four MNKD directors/employees acquired some stock options at no out of pocket cost to them AND then each purchased an additional 78,400 shares at 91 cents (above current market price) that they each PAID cash for OUT OF POCKET.
Is this the way you see it?
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Post by agedhippie on Feb 1, 2017 9:55:23 GMT -5
This is good news. If I'm reading correctly. They bought a lot. Or is this just stock options? Obviously it's bonus time! Those are free shares rather than options. A4 code - Annual equity award vesting in 36 equal monthly installments commencing one month from date of grant, being fully vested on the third anniversary of grant date
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Post by mnkdnewb on Feb 1, 2017 10:00:55 GMT -5
This is good news. If I'm reading correctly. They bought a lot. Or is this just stock options? Sorry, just diluted your shares by about .1%
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Post by alethea on Feb 1, 2017 10:06:33 GMT -5
This is good news. If I'm reading correctly. They bought a lot. Or is this just stock options? Obviously it's bonus time! Those are free shares rather than options. A4 code - Annual equity award vesting in 36 equal monthly installments commencing one month from date of grant, being fully vested on the third anniversary of grant date Agreed for Codes 1, 2 and 3. But for Code A4, the Exercise Price is shown as $.91. Doesn't that mean they have to pony up in cash for the difference between .91 and the closing market price at the end of the day?
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Post by kc on Feb 1, 2017 10:10:55 GMT -5
Looks to me like it's just the documentation from officers getting their stock options back in May, 1016. But why file them today? They could have been filed six months ago? There is a reason. If the company is sold they get AUTOMATIC vesting of their options. Something is up. BLOOD IN THE WATER. The vesting schedule is over 36 months but if the company is sold its AUTOMATIC upon closing of the deal.
Why were there no filings for Matt & Mike?
Filing shannon james samuel 02/01/17 nordhoff henry l 02/01/17 maccallum david 02/01/17 kresa kent 02/01/17 friedman michael a 02/01/17 consiglio ronald j 02/01/17
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Feb 1, 2017 10:56:39 GMT -5
Looks to me like it's just the documentation from officers getting their stock options back in May, 1016. But why file them today? They could have been filed six months ago? There is a reason. If the company is sold they get AUTOMATIC vesting of their options. Something is up. BLOOD IN THE WATER. The vesting schedule is over 36 months but if the company is sold its AUTOMATIC upon closing of the deal.
Why were there no filings for Matt & Mike?
Filing shannon james samuel 02/01/17 nordhoff henry l 02/01/17 maccallum david 02/01/17 kresa kent 02/01/17 friedman michael a 02/01/17 consiglio ronald j 02/01/17
all of the above are BOD.
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Post by kc on Feb 1, 2017 11:04:06 GMT -5
Ron I think is the in house attorney? perhaps not?
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Post by matt on Feb 1, 2017 11:44:57 GMT -5
Obviously it's bonus time! Those are free shares rather than options. A4 code - Annual equity award vesting in 36 equal monthly installments commencing one month from date of grant, being fully vested on the third anniversary of grant date Agreed for Codes 1, 2 and 3. But for Code A4, the Exercise Price is shown as $.91. Doesn't that mean they have to pony up in cash for the difference between .91 and the closing market price at the end of the day? For the shares listed with an exercise price of 91 cents, those are clearly labelled as "Employee Stock Options", vest over 36 months, and remain exercisable for ten years. Like any other option, nothing happens until the date of exercise and if the stock is trading below 91 cents, the options will simply expire worthless. Nobody has to pony up any cash until exercised.
The way SEC insider reporting works, the employee must disclose any acquisition or right to acquire stock, whether that acquisition actually happens or not. A lot of times when shareholders freak out about annual compensation reported for an officer in SEC filings, they don't realize that in many cases the big dollars are phantom profits from option grants that are way underwater and will never generate a penny of income to the executive.
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Post by alethea on Feb 1, 2017 12:14:12 GMT -5
Thank you.
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Post by lakers on Feb 1, 2017 12:50:45 GMT -5
(1) Restricted Stock Units with 3-year vesting period; 1/36th vesting every month, being fully vested on the third anniversary of the grant date. ( 2) Annual retainer received in equity in lieu of cash. Restricted Stock Units shall vest on the earlier of retirement, removal from board, death or five years from grant date. ( 3) Annual retainer received in equity in lieu of cash. Restricted Stock Units shall vest on the earlier of retirement or removal from board, provided that such retirement or removal occurs more than one year after grant date; death; or five years from grant date. ( 4) Annual equity award vesting in 36 equal monthly installments commencing one month from date of grant; being fully vested on the third anniversary of the grant date.
#1, 2, 3 RSU acquired, exercisable since 5/19/16 #4 Option, $91 cents strike acquired on 5/19/16,exercisable on 6/19/16
These usually precede disposition. Wholesale BoD change demanded by private equity fund investments?
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Post by od on Feb 1, 2017 15:16:57 GMT -5
Looks to me like it's just the documentation from officers getting their stock options back in May, 1016. But why file them today? They could have been filed six months ago? There is a reason. If the company is sold they get AUTOMATIC vesting of their options. Something is up. BLOOD IN THE WATER. The vesting schedule is over 36 months but if the company is sold its AUTOMATIC upon closing of the deal.
Why were there no filings for Matt & Mike?
Filing shannon james samuel 02/01/17 nordhoff henry l 02/01/17 maccallum david 02/01/17 kresa kent 02/01/17 friedman michael a 02/01/17 consiglio ronald j 02/01/17
Form 5 is filed for Fiscal Year End changes -- in these cases December 31, 2016.
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