Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
holding | NROM | Non-Qualified Stock Option | Jun 13, 2019 | Common Stock | 35K | $0.60 | Direct | F1 | ||||||
holding | NROM | Warrant | Jun 13, 2019 | Common Stock | 125K | $1.00 | See footnote | F2 |
Id | Content |
---|---|
F1 | Vests on the earlier of (i) one-third on the first anniversary of the grant date, one-third on the second anniversary of the grant date and one-third on the third anniversary of the grant date; or (ii) 25% when the closing price of the Common Stock reaches $2.00 per share, 25% when the closing price of the Common Stock reaches $3.00 per share and the balance when the closing price of the Common Stock reaches $4.00 per share. |
F2 | Held by Pinnacle Commercial Capital, LLC. The Reporting Person is the sole member, President and Chief Executive Officer of Pinnacle. |