Castle Brands Board (ROX)

[FUNMAN]

Explanation of filed Form 4's on April 26, 2017:

Restricted shares of common stock issued pursuant to the issuer's 2013 Incentive Compensation Plan, as amended. Restricted shares vest in four equal annual installments commencing on the first anniversary of the date of grant provided Mr. Glover is then still an employee of the issuer, subject to earlier vesting upon his death or disability or a change of control of the issuer.


Mariani Maria Alejandra Pena, SVP-Marketing ... 75,000

Thomas Spillane, Senior Vice President ... 90,000

Alfred Small, SVP, CFO, TREAS. & SECRETARY ... 90,000

MARK ANDREWS, Director ... 120,000

John S Glover Executive VP and COO ... 130,000


These are not exercised shares. They will vest in 4 equal installments on April 26, 2018 ... 2019 ... 2020 ... 2021