SEC Form 4 · accession 0001179110-17-004933
Everi Holdings Inc. · EVRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael D Rumbolz
Officer — President and CEO · Director
Period of report
Mar 8, 2017
Accepted (ET)
Mar 20, 2017 · 6:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001318568
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF1 | $3.29 | Mar 8, 2017 | A | 122,791 | A | — | Mar 8, 2027 | Common Stock | 122,791 | 987,331 | D |
| Stock OptionF2 | $3.29 | Mar 8, 2017 | A | 249,302 | A | — | Mar 8, 2027 | Common Stock | 249,302 | 1,236,633 | D |
Explanation of responses
- F1Represents an option to purchase 122,791 shares of the Company's common stock, which will vest in equal installments on each of the first four anniversary dates of the grant.
- F2Represents an option to purchase 249,302 shares of the Company's common stock that will vest in equal installments on each of the first four anniversary dates of the grant ("Vesting Date"); provided that as of the vesting date for each vesting tranche ("Tranche"), the closing price of the Company's shares on the New York Stock Exchange is at least $4.11 ("Price Hurdle"). If the Price Hurdle is not met as of the Vesting Date for a Tranche, then the Tranche shall vest and become Vested Shares on the last day of a period of thirty (30) consecutive Trading Days during which the Closing Price is at least the Price Hurdle.