Clarus Corp — Director's Dealing 2016

Jul 6, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Black Diamond, Inc. (BDE)
CIK: 0000913277
Period of Report: 2016-07-01

Reporting Person: KUEHNE AARON (CHIEF ADMIN OFFICER AND CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-07-01	Common Stock, par value $0.0001 per share ("Common Stock")	A	100000	—	Acquired	12817	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-07-01	Stock Option (right to purchase)	$4.38	A	125000	Acquired	2026-07-01	Common Stock (125000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1991	Indirect

Footnotes

F1: Comprised of a restricted stock award granted under the Issuer's 2015 Stock Incentive Plan (the "Plan") consisting of 100,000 restricted shares of Common Stock all of which will vest if on or before July 1, 2020, the Fair Market Value (as defined in the Plan) of the Company's Common Stock shall have equaled or exceeded $15.00 per share for twenty consecutive trading days.

F2: The option to purchase shares of the Issuer's Common Stock was granted under the Plan. Options to purchase 41,667 shares of Common Stock shall vest and become exercisable on each of July 1, 2017 and July 1, 2018, and options to purchase 41,666 shares of Common Stock shall vest and become exercisable on July 1, 2019.