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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Option (Right to Buy) | $ 3.17 | 09/29/2020 | A | 459,468 | (2) | 09/29/2030 | Common Stock | 459,468 | $ 0 | 459,468 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Keller Rodney C. Jr. 900 E. OLD SETTLERS BOULEVARD, SUITE 100 ROUND ROCK, TX 78664 |
X | Chief Executive Officer |
/s/ Rodney C. Keller, Jr. | 12/15/2020 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(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) | The reporting person's original Form 4 indicated that these shares shall vest in one-third installments, subject to satisfaction of certain performance milestones and assumptions, as described in the reporting person's amended and restated employment agreement, as amended on September 29, 2020, and the restricted stock award agreement for the grant. On December 11, 2020, the issuer and the reporting person mutually agreed to amend the vesting terms of these shares as follows: one-third of the shares will vest on May 28, 2021 and an additional one-third of the shares will vest on December 4, 2021 and December 4, 2022, respectively, provided that the reporting person has remained employed by or is providing services to the issuer through the applicable vesting date. |
(2) | The reporting person's original Form 4 indicated that the shares underlying this stock option vest accordingly: one-third of the optioned shares shall vest on the first anniversary of the grant date (the "Initial Vesting Date"), and the remaining optioned shares shall vest in 24 substantially equal monthly installments on each of the next 24 monthly anniversaries of the Initial Vesting Date. On 12/11/2020, the issuer and the reporting person mutually agreed to amend the vesting terms of the shares underlying this stock option as follows: one-third of the optioned shares shall be fully vested, retroactively effective as of 12/4/2020, and an additional one-third of the optioned shares will vest on 12/4/2021 and 12/4/2022, respectively, provided that the reporting person has remained employed by or is providing services to the issuer through the applicable vesting date. |