Frederick L. Glick - 11 Dec 2020 Form 4 Insider Report for Amergent Hospitality Group, Inc

Signature
/s/ Frederick L Glick
Issuer symbol
N/A
Transactions as of
11 Dec 2020
Net transactions value
+$23,500
Form type
4
Filing time
05 Aug 2021, 16:35:42 UTC

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMHG Common Stock Purchase $23,500 +50,000 +167% $0.4700 80,000 02 Aug 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AMHG Stock Option(nonstatutory) Award +150,000 150,000 02 Aug 2021 Common stock 150,000 $2.50 Direct F3
transaction AMHG Stock Option(nonstatutory) Award +300,000 300,000 02 Aug 2021 Common Stock 300,000 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Nonqualified option to purchase an aggregate of 300,000 shares of common stock of the Company, $0.0001 par value (shares of common stock of the Company referred to herein as "Shares"), 100,000 of which are exercisable at $0.56 per Share, 100,000 of which are exercisable at $0.81 per Share, and 100,000 of which are exercisable at $1.08 per Share.
F2 Vest in twelve equal installments, the first installment vesting August 2, 2021, and the remaining installments vesting on each of October 1, 2021, January 1,2022, April 1, 2022, July 1, 2022, October 1, 2022, January 1, 2023, April 1, 2023, July 1, 2023, October 1, 2023, January 1, 2024, and April 1, 2024. These option awards further vest based on exercise price, with lower priced options vesting first and are subject to the terms and conditions of the 2021 Inducement Plan (the "Plan") and the terms and conditions of that certain Employment Agreement effective July 1, 2021, by and between the Optionee and the Company.
F3 Grant pursuant to 2021 Inducement Plan, as amended.