Subsequent Events |
3 Months Ended | |
|---|---|---|
Mar. 31, 2017 | ||
| Subsequent Events [Abstract] | ||
| Subsequent Events [Text Block] |
Note 8 – Subsequent Events
RSU Grants
On April 9, 2017, the Compensation Committee approved by written consent grants of RSU awards to various employees under the 2013 Equity Incentive Plan. These RSUs give the holders the right to receive an aggregate 15,000 shares of the Company’s common stock. The awards vest 50% immediately, with the remaining 50% vesting on the anniversary of the grant date.
On April 9, 2017, the Compensation Committee approved by written consent a grant to an employee an inducement RSU award under which the holder has the right to receive an aggregate 10,000 shares of the Company’s common stock. The awards vest over four years beginning on the anniversary of the employee’s hire date.
On April 9, 2017, the Compensation Committee approved by written consent a grant to Stephen Rizzone, Chief Executive Officer, an RSU award under the 2013 Equity Incentive Plan under which Mr. Rizzone has the right to receive 193,059 shares of the Company’s common stock. The award vests over four years beginning on the anniversary of the grant date.
On April 9, 2017, the Compensation Committee approved by written consent grants to various consultants RSU awards under the 2014 Non-Employee Equity Compensation Plan under which the holders have the right to receive an aggregate 7,900 shares of the Company’s common stock. The awards have various vesting periods ranging from one to two years.
|