SEC Form 4 · accession 0001144204-18-014412
Clarus Corp · CLAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Walbrecht
Officer — President
Period of report
Mar 9, 2018
Accepted (ET)
Mar 13, 2018 · 5:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000913277
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 purchase)F1 | $6.80 | Mar 9, 2018 | A | 500,000 | A | — | Mar 9, 2028 | Common Stock | 500,000 | 500,000 | D |
Explanation of responses
- F1Stock options to purchase shares of the Issuer's Common Stock were granted under the Issuer's 2015 Stock Incentive Plan. Stock options to purchase 100,000 shares of the Issuer's Common Stock will vest and become exercisable on December 31, 2018 and each anniversary thereof, through December 31, 2022. In the event that the Reporting Person passes away on or after January 1, 2019, 50% of the unvested stock options will immediately vest and the remaining 50% will be terminated. In the event that the Reporting Person voluntarily terminates his employment with the Issuer on or before December 31, 2022, unless otherwise expressly provided in the Reporting Person's employment agreement, all unvested stock options shall expire and be terminated, and all vested stock options that are exercised in accordance with their terms will be subject to a two-year lock-up from the date of exercise in any such case.