David Lopez - 17 Jan 2023 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
17 Jan 2023
Net transactions value
$0
Form type
4
Filing time
19 Jan 2023, 16:24:34 UTC
Previous filing
28 Sep 2022
Next filing
21 Sep 2023
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 Units Award $0 +168,568 +50% $0.000000 506,499 17 Jan 2023 Common Stock 168,568 Direct F1, F2
transaction AGS Phantom Stock Units Award $0 +168,568 +33% $0.000000 675,067 17 Jan 2023 Common Stock 168,568 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Phantom Stock Unit represents a contingent right to receive one share of PlayAGS common stock or cash.
F2 The Phantom Stock Units vest on the first day that the average closing price per share of the company's common stock for the prior 20 consecutive trading days exceeds $6.67, but only if such achievement occurs prior to 1/4/2026, and if such achievement occurs prior to 1/4/2024, the vesting shall not occur until 1/4/2024, in each case, subject generally to the participant's continued employment through the vesting date.
F3 The Phantom Stock Units vest ratably in equal annual installments on each of the first four anniversaries following 1/4/2023, subject generally to the participant's continued employment through the vesting date.