Clarus Corp — Director's Dealing 2019

Jan 9, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Clarus Corp (CLAR)
CIK: 0000913277
Period of Report: 2019-01-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-01-07	Common Stock	A	350000	—	Acquired	4625888	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2419490	Indirect
Common Stock	13900	Indirect
Common Stock	124667	Indirect
Common Stock	100000	Indirect

Footnotes

F1: Comprised of a restricted stock award (the "RSA") granted under the Issuer's 2015 Stock Incentive Plan (the "Plan") consisting of 350,000 restricted shares of the Issuer's common stock, par value $0.0001 per share ("Common Stock").

F2: The RSA will vest as follows: (A) on or before January 7, 2024, the Fair Market Value (as defined in the Plan) of the Common Stock must equal or exceed $15.00 per share for twenty consecutive trading days (such 20th day being the "Price Trigger Date"); and (B) once the Price Trigger Date occurs, (i) 116,667 shares of Common Stock shall vest on each of the first and second anniversary of the Price Trigger Date; and (ii) 116,666 shares of Common Stock shall vest on the third anniversary of the Price Trigger Date. In the event that the Reporting Person is not employed by the Issuer on or before the applicable Common Stock vesting date, all unvested shares of Common Stock shall expire and be forfeited. Upon the occurrence of the Price Trigger Date, any subsequent decrease in the Fair Market Value of the Common Stock shall have no impact on the vesting schedule described above.