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IZEA Worldwide, Inc. — Director's Dealing 2017
Jun 26, 2017
34432_dirs_2017-06-26_0127228c-2ad5-4618-b660-b9c2a2981bfb.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: IZEA, Inc. (IZEA)
CIK: 0001495231
Period of Report: 2017-06-21
Reporting Person: Murphy Edward H (Director, President and CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-06-21 | Option (Right to Buy) | $4.2 | A | 14249 | Acquired | 2027-03-31 | Common Stock (14249.0) | Direct |
| 2017-06-21 | Option (Right to Buy) | $2.75 | A | 11887 | Acquired | 2027-05-12 | Common Stock (11887.0) | Direct |
Footnotes
F1: On April 3, 2017, this option grant was approved for issuance to Mr. Murphy for the fair value of his fourth quarter 2016 bonus and his annual 2016 bonus in accordance with the terms of his employment agreement using the closing market price on March 31, 2017, which was $4.20 per share. The issuance of this option was subject to the stockholders approving an increase in the number of option shares in the Company's 2011 Equity Incentive Plan on or before June 30, 2017. The stockholders approved a 500,000 share increase in the Company's 2011 Equity Incentive Plan on June 21, 2017. This option vests as to 891 shares on June 30,2017 and then in equal monthly installments of approximately 297 shares over the remaining 45 months.
F2: On May 12, 2017, this option grant was approved for issuance to Mr. Murphy for the fair value of his first quarter 2017 bonus in accordance with the terms of his employment agreement using the closing market price on May 12, 2017, which was $2.75. The issuance of this option was subject to the stockholders approving an increase in the number of option shares in the Company's 2011 Equity Incentive Plan on or before June 30, 2017. The stockholders approved a 500,000 share increase in the Company's 2011 Equity Incentive Plan on June 21, 2017. This option vests as to 248 shares on June 30, 2017 and then in equal monthly installments of approximately 248 shares over the remaining 47 months.