SEC Form 4 · accession 0001144204-19-001225
Clarus Corp · CLAR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Walbrecht
Officer — President
Period of report
Jan 7, 2019
Accepted (ET)
Jan 9, 2019 · 4:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000913277
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jan 7, 2019 | A | 150,000 | $0.00 | A | 142,351 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Comprised of a restricted stock award (the "RSA") granted under the Issuer's 2015 Stock Incentive Plan (the "Plan") consisting of 150,000 restricted shares of the Issuer's common stock, par value $0.0001 per share ("Common Stock").
- F2The RSA will vest as follows: (A) on or before January 7, 2024, the Fair Market Value (as defined in the Plan) of the Common Stock must equal or exceed $15.00 per share for twenty consecutive trading days (such 20th day being the "Price Trigger Date"); and (B) once the Price Trigger Date occurs, 37,500 shares of Common Stock shall vest on each of the first, second, third and fourth anniversary of the Price Trigger Date. In the event that the Reporting Person is not employed by the Issuer on or before the applicable Common Stock vesting date, all unvested shares of Common Stock shall expire and be forfeited. Upon the occurrence of the Price Trigger Date, any subsequent decrease in the Fair Market Value of the Common Stock shall have no impact on the vesting schedule described above.