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Mitek Systems insider just declared owning 80,000 shares of Mitek Systems

Clark Sarah, an insider of Mitek Systems, has just filed an initial statement of beneficial ownership where 80,000 shares of Mitek Systems were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Sarah. Sarah operates out of San Diego, CA. Some additional info was provided as follows:

Comprised of 8,740 shares of common stock and 71,250 shares of common stock subject to restricted stock units (RSU) held by the reporting person. Of the total 71,250 shares, 2,500 of the shares subject to the RSU award vest in two equal installments on 11/5/16 and 11/5/2017; 18,750 shares vest in 3 equal installments on 4/29/2016, 4/29/2017, and 4/29/2018; and 50,000 shares vest in 4 equal installments on 11/ 16/2016, 11/16/2017, 11/16/2018 and 11/16/2019. Represents a non-qualified stock option granted on November 4, 2014. Twenty-five percent of the shares subject to the award vested on the first anniversary of the grant date and the remaining shares subject to the award began vesting monthly thereafter in thirty-six equal installments.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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