SEC Form 4 · accession 0001572426-15-000082
ERICKSON INC. · EAC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Glen Roberts
Officer — Chief Executive Officer · Director
Period of report
Jul 29, 2015
Accepted (ET)
Jul 31, 2015 · 6:55 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001490165
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 Option (Right to Buy)F1,F2 | — | Jul 29, 2015 | A | 165,000 | A | — | Jul 29, 2025 | Common Stock | 165,000 | 165,000 | D |
Explanation of responses
- F1The reporting person received an incentive stock option granted under the CEO Plan & Stock Option Agreement. The exercise price per share to be paid by the reporting person at the time the option is exercised will be equal to: $3.55 for 55,000 shares of common stock; $6.05 for 55,000 shares of common stock; and $8.55 for 55,000 shares of common stock.
- F2Twenty percent (20%) of these options shall vest and become exercisable on March 3, 2016, and 1/20th shall vest per quarter thereafter over four years, subject to the reporting person's continued employment with the issuer through such date.