Professional Diversity Network, Inc. — Director's Dealing 2018

Mar 16, 2018

SEC Form 4/A — Form 4/A

Issuer: Professional Diversity Network, Inc. (IPDN)
CIK: 0001546296
Period of Report: 2017-03-09

Reporting Person: Wang Maoji (Director, Chief Executive Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-03-09	Employee Stock Option (right to buy)	$10.72	A	210000	Acquired	2027-03-08	Common Stock (210000)	Direct

Footnotes

F1: This is an amendment of the Form 4 filed by the reporting person on April 14, 2017. The options were granted to the reporting person pursuant to the Employment Agreement between the Company and the reporting person, which was executed on March 9, 2017 but was retroactively effective as of December 22, 2016 for purposes of base compensation. In connection with the approval of the Employment Agreement, the Board also granted to the reporting person subject to shareholder approval of the amendment to the Company's 2013 Equity Compensation Plan. Shareholder approval was obtained on June 26, 2017. As a result, the Options were effectively granted as of March 9, 2017 with an exercise price equal to $10.72 per share, the closing price of the Company's stock on March 9, 2017.

F2: The options vest in accordance with the following schedule: (i) 1/3 of the shares underlying the option vested immediately on the date of grant (which is March 9, 2017), (ii) 1/3 of the shares underlying the option will vest on December 22, 2017, and (iii) 1/3 of the shares underlying the option will vest on December 22, 2018.