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Limbach Holdings, Inc. — Director's Dealing 2017
Sep 2, 2017
32155_dirs_2017-09-01_535e5dbc-25be-4649-93db-9ca0f5fd4042.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Limbach Holdings, Inc. (LMB)
CIK: 0001606163
Period of Report: 2017-08-30
Reporting Person: Thorne Kristopher L. (Chief Operations Officer)
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | Common Stock (25000) | 25000 | Direct | |
| Restricted Stock Units | $ | Common Stock (6000) | 6000 | Direct |
Footnotes
F1: Each restricted stock unit ("RSU") represents a contingent right to receive one share of Limbach Holdings, Inc. common stock, exempt under Rule 16b-3(d)(1) & (3).
F2: This award of RSUs was granted on 08/30/2017. 50% of the award is subject to service-based vesting conditions and vests in equal installments on each of August 30, 2017, August 1, 2018 and August 1, 2019, subject to continued employment through the applicable vesting date. The remaining 50% of the award will vest upon the achievement of a specified target share price of the Company's common stock on the Nasdaq Capital Market or other applicable principal securities exchange on which the Company's shares are then listed between August 1, 2018 and August 1, 2021, subject to continued employment from August 1, 2017 through the later of July 31, 2019 and the date on which the Compensation Committee of the Board of Directors certifies the achievement of the performance goal.
F3: This award of restricted stock units ("RSUs") was granted on 08/30/2017. The award is subject to service-based vesting conditions and vests in equal annual installments on each of January 1, 2018, January 1, 2019 and January 1, 2020, subject to continued employment through the applicable vesting date.
F4: Not applicable.
F5: Does not include performance-based RSUs, if any, that may be earned by the reporting person but for which the Compensation Committee has not yet determined the achievement of the applicable performance goals. Any such RSUs will be reported on a Form 4 within two business days of the date of such determination