SEC Form 4 · accession 0001209191-18-001516
Everi Holdings Inc. · EVRI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Harper H. Ko
Officer — EVP
Period of report
Dec 29, 2017
Accepted (ET)
Jan 3, 2018 · 7:33 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001318568
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 29, 2017 | A | 10,000 | $7.54 | A | 10,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F2 | $7.54 | Dec 29, 2017 | A | 82,500 | A | — | Dec 29, 2027 | Common Stock | 82,500 | 82,500 | D |
| Employee Stock Option (Right to Buy)F3 | $7.54 | Dec 29, 2017 | A | 27,500 | A | — | Dec 29, 2027 | Common Stock | 27,500 | 27,500 | D |
Explanation of responses
- F1Shares are subject to a restricted stock award vesting on the first anniversary of the date of grant.
- F2Represents an option to purchase 82,500 shares of the Company's common stock, which will vest in equal installments on each of the first four anniversary dates of the grant.
- F3Represents an option to purchase 27,500 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 $9.43 ("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.