David Lopez - 20 Oct 2021 Form 4 Insider Report for PlayAGS, Inc. (AGS)

Role
Chief Executive Officer, Director
Signature
/s/Victor Gallo, Attorney in Fact
Issuer symbol
AGS
Transactions as of
20 Oct 2021
Net transactions value
$0
Form type
4
Filing time
21 Oct 2021, 19:46:12 UTC
Previous filing
21 Sep 2021
Next filing
22 Sep 2022
SEC
View on sec.gov

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 AGS Phantom Stock Unit Award $0 +193,104 $0.000000 193,104 20 Oct 2021 Common Stock 193,104 Direct F1, F2
transaction AGS Phantom Stock Unit Award $0 +193,103 +100% $0.000000 386,207 20 Oct 2021 Common Stock 193,103 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of PlayAGS common stock or cash.
F2 The PSUs vest ratably in equal annual installments on each of the first four anniversaries following 9/21/2021, subject generally to the participant's continued employment through the vesting date.
F3 The PSUs vest on the first day that the average closing price per share of the company's common stock for the prior 60 consecutive trading days exceeds $9.06, but only if such achievement occurs prior to 9/21/2025, and if such achievement occurs prior to 9/21/2022, the vesting shall not occur until 9/21/2022, in each case, subject generally to the participant's continued employment through the vesting date.