Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | LOV | American Depository Shares | Options Exercise | $0 | +112K | $0.00 | 112K | Jul 22, 2021 | Direct | F1 | |
transaction | LOV | American Depository Shares | Tax liability | $0 | -53.5K | -47.67% | $0.00 | 58.7K | Jul 22, 2021 | Direct | F1 |
Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | LOV | Stock Option | Options Exercise | $0 | -112K | -25% | $0.00 | 337K | Jul 22, 2021 | ADS | 112K | $0.00 | Direct | F2, F3 |
Id | Content |
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F1 | Each American Depository Share ("ADS") represents 0.1 Ordinary Shares of Spark Networks SE (the "Company"). |
F2 | Each stock option is granted under the Spark Networks SE (the "Company") 2020 Long Term Incentive Plan and represents the right to receive, upon exercise, a certain amount in cash determined based on the relevant strike price of the option minus the strike price of such option; provided, however, that the Company may elect to settle options in American Depository Shares ("ADS") or Ordinary Shares of the Company instead of cash at its sole discretion. |
F3 | Subject to the employee's continued service to the Company, (i) 25% of the total number of options granted to the employee vest 12 months after the grant date of such option, and (ii) an additional 6.25% of such options shall vest at the end of each additional three month period thereafter until the end of the 48th month after the relevant grant date. |