This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Founder And CEO Increases Ownership Stake In Radiant Logistics

BELLEVUE, Wash., March 21, 2014 /PRNewswire/ -- Radiant Logistics, Inc. (NYSE MKT: RLGT), a domestic and international freight forwarding and logistics services company, today announced that its founder and chief executive officer, Bohn Crain, has increased his ownership stake in the Company through the exercise of a portion of the option grant he received in connection with the launch of the company in October of 2005.  The Company granted Mr. Crain a non-qualified option to purchase 2,000,000 shares of Radiant common stock in October of 2005 under Radiant's 2005 Stock Incentive Plan (the "Founder Options") with an exercise price of $0.50 per share for 1,000,000 shares and an exercise price of $0.75 per share for the other 1,000,000 shares.

Mr. Crain has begun the process of exercising the Founder Options through the exercise of the option to purchase 325,000 shares at a strike price of $0.75 per share (the " March 2014 Exercise") and expects to exercise the remaining Founder Options over the course of the next 18 months, subject to SEC and Company imposed trading restrictions, in order to complete a full exercise of the Founder Options before the options expire in October 2015. In accordance with the  2005 Stock Incentive Plan, the Company withheld 146,485 shares otherwise issuable to Mr. Crain having a fair market value equal to the option exercise price of the shares being purchased pursuant to the exercise of the option along with applicable tax withholding, thus resulting in Mr. Crain receiving 178,515 net shares of Radiant common stock from the transaction. After giving effect to the March 2014 Exercise, Mr. Crain owns a total of 10,173,882 shares of common stock (approximately 30.0% of the Company's common stock), options to acquire an additional 1,743,891 shares of Radiant common stock (including the remaining Founder Options on 1,675,000 shares of Radiant in common stock) and 4,000 shares of Radiant's redeemable perpetual preferred stock issued in October of 2013.

About Radiant Logistics (NYSE MKT: RLGT)

Radiant Logistics, Inc. ( www.radiantdelivers.com) is a non-asset based transportation and logistics company providing domestic and international freight forwarding services and an expanding array of value-added solutions, including customs and property brokerage, order fulfillment, inventory management and warehousing. The company operates through a network of company-owned and independent agent offices across North America under the Radiant, Airgroup, Adcom, DBA and On Time network brands servicing a diversified account base including manufacturers, distributors and retailers using a network of independent carriers and international agents positioned strategically around the world.

SOURCE Radiant Logistics, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs