SEC Form 4 · accession 0001144204-16-074949
Pershing Gold Corp. · PGLC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric Alexander
Officer — VP Finance and Controller
Period of report
Dec 23, 2015
Accepted (ET)
Jan 8, 2016 · 6:15 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001432196
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | $0.00 | Dec 23, 2015 | A | 6,750 | A | — | — | Common Stock | 6,750 | 6,750 | D |
Explanation of responses
- F1The Reporting Person received the reported restricted stock units pursuant to a Restricted Stock Unit Grant Agreement dated December 23, 2015 (the "Agreement").
- F2Pursuant to the Agreement, 2,250 units vested on December 23, 2015, 2,250 units vest on December 23, 2016 and 2,250 units vest on December 23, 2017, subject to acceleration upon the Reporting Person's termination of employment under certain circumstances set forth in the Agreement or upon a change of control (as defined in the Issuer's 2013 Equity Incentive Plan) of the Issuer. For each fully vested restricted stock unit, the Reporting Person will be entitled to receive one share of common stock upon termination of employment or in connection with a change of control or under certain other circumstances, all as set forth in the Agreement.