SEC Form 4 · accession 0001628280-16-022147
ONE Group Hospitality, Inc. · STKS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jonathan Segal
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Oct 1, 2016
Accepted (ET)
Dec 22, 2016 · 5:15 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001399520
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.0001 per shareF1 | Oct 1, 2016 | G | 41,250 | $0.00 | D | 6,693,730 | D | |
| Common Stock, par value $0.0001 per share | holding | — | — | — | 386,166 | I | By Jonathan Segal 2012 Family Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Of the shares of common stock reported, 150,000 are represented by restricted stock units which will vest upon the price of The ONE Group Hospitality, Inc.'s (the "Company") common stock reaching $5.00, $5.50 and $6.00 (the "Hurdles"), with 33% vesting at each Hurdle. In order for the shares to vest, the closing price of the Company's common stock must be at or above the relevant Hurdle for ten consecutive trading days in a single quarter, with such vesting to occur only on the last day of that quarter, provided that the Reporting Person is employed by the Company on that date. Notwithstanding the foregoing, if any Hurdle is met within one year of the grant date, then such shares will not vest until the first anniversary of the grant date.