Quarterly report pursuant to Section 13 or 15(d)

6. Equity Transactions

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6. Equity Transactions
3 Months Ended
Jun. 30, 2018
Stockholders' Equity  
Equity Transactions

6. EQUITY TRANSACTIONS IN THE THREE MONTHS ENDED JUNE 30, 2018

 

Restricted Stock Unit Grants to Executive Officers and Directors

 

During the three months ended June 30, 2018, 46,125 RSUs held by our executives were exchanged into the same number of shares of our common stock. As our executives elected to net settle a portion of their RSU’s in exchange for the Company paying the related withholding taxes on the share issuance, 24,430 of the RSUs were cancelled and we issued a net 21,695 shares to our executives (see Note 9).

 

On June 14, 2018, our Board of Directors approved the issuances of additional RSUs to certain officers and directors (see Note 9).