Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | BYRN | Common Stock | 164K | May 5, 2021 | Direct | ||||||
holding | BYRN | Common Stock | 270 | May 5, 2021 | See footnote | F1 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | BYRN | Stock Options (right to buy) | May 5, 2021 | Common Stock | 60K | $1.90 | Direct | F2 | ||||||
holding | BYRN | Restricted Stock Units | May 5, 2021 | Common Stock | 150K | Direct | F3, F4 |
Id | Content |
---|---|
F1 | The reporting person is custodian for her children under the Uniform Gifts to Minors Act. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. |
F2 | The stock options became exercisable upon issuance. |
F3 | The restricted stock units vest as follows: (i) one-third of the RSUs have no price trigger, (ii) the second one-third of the RSUs will be triggered when BYRN's stock trades above $30.00 on a 20-day Volume Weighted Average Price ("VWAP"), (iii) the final one-third of the RSUs will be triggered when the stock trades above $40.00 on a 20-day VWAP; and (iv) the reporting person must remain employed by the Company until August 31, 2023 for the restricted stock units to vest. This amends the earlier form 3 which incorrectly stated that the first one-third of the RSU's have a $20.00 price trigger. The restricted stock units will be settled in cash or shares of BYRN common stock on or before March 15, 2024. |
F4 | Each restricted stock unit represents a contingent right to receive one share of BYRN common stock or cash. |