XpresSpa Group Inc (XSPA)

[Nolerman]

I don't have access to the execs plans, nor do I assume anything, however it is not set in stone that these guys HAVE to exercise, rather have the option to exercise beyond a given price or time frame (obviously price in this scenario).

Postyle - Thanks for all your info for guys like me who are trying to learn. So were these insiders forced to convert their derivatives at $5 into stock? Could they have held them and converted at a later date for a higher stock price. How many shares were sold into the market by these insiders? Might not seem like a big deal but I wish i knew 2 days ago that these guys figured $5 was a good price.


www.mofo.com/files/Uploads/Images/FAQ10b51.pdf

"How is the price of the shares to be traded pursuant to the plan determined?
Rule 10b5-1(c)(1)(iii)(B) defines “price” as the market price on a particular date or a limit price, or a particular dollar price.

Can a Rule 10b5-1 plan set minimum or maximum prices for trades?
A Rule 10b5-1 plan can be set up to execute trades with minimum or maximum prices or with prices that change over time, so long as the price targets or the method for determining the price targets are set forth in the plan.

How are trading dates determined under a Rule 10b5-1 plan?
Rule 10b5-1(c)(1)(iii)(C) defines “date” as, in the case of a market order, the specific day of the year on which the order is to be executed (or as soon thereafter as is practicable under ordinary principles of best execution). In the case of a limit order, “date” is defined as a day of the year on which the limit order is in force.

How often can trades be made pursuant to a Rule 10b5- 1 plan?
A plan can be tailored to the specific needs of the individual who sets it up. For example, the plan can specify that trades will be made on a regular basis, such as monthly or bi-weekly.
Alternatively, a Rule 10b5-1 plan can be designed to initiate transactions upon certain trigger events. For example, a plan can provide for sales several days before a tuition payment is due, with the number of shares to be linked to the average cost of tuition as published by the college."