Clarus Corp — Director's Dealing 2018

Mar 13, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Clarus Corp (CLAR)
CIK: 0000913277
Period of Report: 2018-03-09

Reporting Person: KANDERS WARREN B (Director, Executive Chairman, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-03-09	Stock Option (right to purchase)	$6.80	A	500000	Acquired	2028-03-09	Common Stock (500000)	Direct

Footnotes

F1: Stock options to purchase shares of the Issuer's Common Stock were granted under the Issuer's 2015 Stock Incentive Plan. Stock options to purchase 100,000 shares of the Issuer's Common Stock will vest and become exercisable on December 31, 2018 and each anniversary thereof, through December 31, 2022. In the event that the Reporting Person passes away on or after January 1, 2019, 50% of the unvested stock options will immediately vest and the remaining 50% will be terminated. In the event that the Reporting Person voluntarily terminates his employment with the Issuer on or before December 31, 2022, unless otherwise expressly provided in the Reporting Person's employment agreement, all unvested stock options shall expire and be terminated, and all vested stock options that are exercised in accordance with their terms will be subject to a two-year lock-up from the date of exercise in any such case.