Key facts
- This page summarizes Peter Hamilton Jameson's Form 4 filing for Vuzix Corp (VUZI).
- 2 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 06 Jan 2025, 16:48.
Key filing fact
Ownership activity is grounded in SEC Form 4 disclosures.
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
Award
Other
Additional SEC filing notes
Footnote F1
Each Restricted Stock Unit ("RSU"s) represents the contingent right to receive one share of common stock.
Footnote F2
The RSUs and cancellation of the options are subject to shareholder approval to be obtained at the Company's 2025 shareholder meeting. Upon and subject to such shareholder approval, the grant of the RSUs will be effective and the options issued to the Reporting Person on March 17, 2021 will simultaneously terminate. Subject to the foregoing, 50% (55,821) of the RSUs will vest in 3 years from the date of grant, and the remaining 50% (55,821) will vest solely upon achievement of certain performance results goals and not simply the passage of time. This remaining 50% may increase to up to 125% of such amount (69,776 RSUs) subject to achievement of certain results.
Footnote F3
The options were to vest solely upon achievement of certain market capitalization and operating results goals and not simply the passage of time. As set forth in footnote (2) above, the options will terminate subject to and upon shareholder approval.