Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | ACTG | ACTG Common Stock | Award | $0 | +45K | $0.00 | 45K | Mar 16, 2021 | Direct | F1, F2 |
Id | Content |
---|---|
F1 | This line item is being re-reported solely to correct an error to a footnote, which previously stated in error that the award was made pursuant to the 2013 Acacia Research Corporation Stock Incentive Plan instead of the 2016 Acacia Research Corporation Stock Incentive Plan. |
F2 | This award of restricted stock units ("RSUs") is made pursuant to the 2016 Acacia Research Corporation Stock Incentive Plan. Each RSU represents a contingent right to receive one share of common stock. One third of the RSUs will vest on an annual basis over a three-year period, provided, that in the event Mr. Soncini is terminated without Cause or resigns for Good Reason within the first twelve months of his employment with the Company, an additional number of RSUs shall immediately vest such that an aggregate of 20,000 RSUs shall be vested as of such termination date. |