Clarus Corp — Director's Dealing 2016

Jan 8, 2016

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Black Diamond, Inc. (BDE)
CIK: 0000913277
Period of Report: 2015-12-31

Reporting Person: RITCHIE MARK D. (Chief Operating Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.0001 per share ("Common Stock")	14967	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to purchase)	$10.40	2023-08-29	Common Stock (75000)		Direct
Stock Option (right to purchase)	$6.85	2020-05-28	Common Stock (25000)		Direct

Footnotes

F1: Excludes 30,000 restricted shares of Common Stock granted on August 30, 2013, pursuant to the Issuer's 2005 Stock Incentive Plan that will vest and become nonforfeitable as follows: (i) 10,000 shares shall immediately vest and become nonforfeitable if: (A) during any calendar year ending prior to and including December 31, 2015, the Issuer's apparel products achieve certain net revenue targets in such calendar year; and (B) Mr. Ritchie is employed as a full time employee by the Issuer or one of its subsidiaries as of March 31, 2016; (ii) 10,000 shares shall immediately vest and become nonforfeitable if: (A) during any calendar year ending prior to and including December 31, 2017, the Issuer's apparel products achieve certain net revenue targets in such calendar year; and (B) Mr. Ritchie is employed as a full time employee by the Issuer or one of its subsidiaries as of March 31, 2018; and

F2: (iii) 10,000 shares shall immediately vest and become nonforfeitble if: (A) during any calendar year ending prior to and including December 31, 2018, the Issuer's apparel products achieve certain net revenue targets in such calendar year; and (B) Mr. Ritchie is employed as a full time employee by the Issuer or one of its subsidiaries as of March 31, 2019; provided, however, in the event that the Issuer fails to achieve a net revenue target in an applicable calendar year but Mr. Ritchie remains employed as a full time employee by the Issuer or one of its subsidiaries as of the applicable employment date for such period, then 2,000 restricted shares with respect to such period shall become fully vested and the remaining 8,000 unvested restricted shares with respect to such period shall be forfeited effective as of such applicable employment date.

F3: Options granted on August 30, 2013, pursuant to the Issuer's 2005 Stock Incentive Plan.

F4: Options granted on May 28, 2010, pursuant to the Issuer's 2005 Stock Incentive Plan to purchase 10,000, 7,500 and 7,500 shares of Common Stock vested and became exercisable on December 31, 2012, December 31, 2013 and December 31, 2014, respectively.