SEC Form 4 · accession 0001209191-15-075565
GlassBridge Enterprises, Inc. · GLAE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Oct 14, 2015 | A | 574,000 | $2.03 | A | 600,882 | D |
Table II — derivative securities
Remarks
Shares may vest on the achievement of a certain level of average stock price of Imation within any consecutive 30 day period. 60,000 will vest at the first price hurdle, 69,600 vest at the second price hurdle and the remaining 100,000 shares vest at the third price hurdle. If the price hurdles are not reached, the shares will not vest. In addition, on each anniversary of the grant date, there will be pro rata vesting of each tranche based on the ratio of the Company's stock price as of minus the vesting trigger applicable to the immediately preceding tranche (or the $2.50 in the case of the first tranche), over (B) $2.50.