Explanation of Responses: 1. Options vest 50% one year from date of grant and remaining 50% two years from date of grant.
How to Read SEC Form 4 – Transaction Code Definitions
General Transaction Codes
P – Open market or private purchase of securities S – Open market or private sale of securities V – Transaction voluntarily reported earlier than required
Rule 16b-3 Transaction Codes
A – Grant, award, or other acquisition D – Sale (or disposition) back to the issuer of the securities F – Payment of exercise price or tax liability by delivering or withholding securities I – Discretionary transaction, which is an order to the broker to execute the transaction at the best possible price M – Exercise of conversion of derivative security