* |
If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
** |
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
Granted pursuant to the Issuer's 2015 Equity Incentive Plan. |
(2) |
Each restricted stock unit ("RSU") represents the right to receive, at settlement, one (1) share of the Issuer's common stock. |
(3) |
The RSUs are subject to, and to vest must satisfy, both (a) performance-based vesting restrictions (the RSUs will satisfy the performance-based vesting restrictions upon the first to occur of (x) a change of control as defined in the award agreement and (y) the expiration of the 6 month lock-up period following the Issuer's initial public offering ("IPO"), subject to continued service through such event) and (b) time-based vesting restrictions (50% of the RSUs will satisfy the time-based vesting restrictions on each of the third and fourth anniversaries of July 11, 2013, subject to continued service through such dates). In addition, 100% of the RSUs will satisfy the time-based vesting restrictions upon the occurrence of a change of control, subject to continued service through such event. |
(4) |
N/A |
(5) |
There is no expiration date. |
(6) |
The reporting person holds 398 shares of Series A Preferred Stock. Such shares of Series A Preferred Stock will automatically convert into that number of shares of the Issuer's common stock immediately prior to the closing of the Issuer's IPO based on dividing the aggregate liquidation preference of $398,000 by the IPO price per share of common stock included in the units sold in the IPO. |