Hilltop grants options to buy 3.33 million shares
2018-08-31 15:59 ET - News Release Shares issued 55,855,915 CYBX Close 2018-08-30 C$ 0.23 An anonymous director reports GRANT OF INCENTIVE STOCK OPTIONS On Aug. 30, 2018, Hilltop Cybersecurity Inc. granted a total of 3,339,877 incentive stock options to certain of its employees, officers, directors and consultants. The options were granted in accordance with the terms of the company's stock option plan. They are exercisable at a price of 23 cents per common share, expire on Aug. 30, 2023, and follow a vesting schedule whereby 10 per cent of the options immediately vest upon grant, and the remaining options vest in equal portions on the dates that are three, six, nine, 12, 15 and 18 months after the grant date. The company has cancelled 2,491,590 options that were previously issued on Feb. 26, 2018.