PlanSecurityIssuance

Object - Plan Security Issuance Transaction#

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Description: Object describing securities issuance transaction from a plan by the issuer and held by a stakeholder

Data Type: OCF Object - TX_PLAN_SECURITY_ISSUANCE

Composed From:

Properties:

Property	Type	Description	Required
id	`STRING`	Identifier for the object	`REQUIRED`
comments	[`STRING`]	Unstructured text comments related to and stored for the object	-
object_type	Constant: `TX_PLAN_SECURITY_ISSUANCE` Defined in schema/enums/ObjectType	Object type field	`REQUIRED`
date	schema/types/Date	Date on which the transaction occurred	`REQUIRED`
security_id	`STRING`	Identifier for the security (stock, plan security, warrant, or convertible) by which it can be referenced by other transaction objects. Note that while this identifier is created with an issuance object, it should be different than the issuance object's `id` field which identifies the issuance transaction object itself. All future transactions on the security (e.g. acceptance, transfer, cancel, etc.) must reference this `security_id` to qualify which security the transaction applies to.	`REQUIRED`
custom_id	`STRING`	A custom ID for this security (e.g. CN-1.)	`REQUIRED`
stakeholder_id	`STRING`	Identifier for the stakeholder that holds legal title to this security	`REQUIRED`
board_approval_date	schema/types/Date	Date of board approval for the security	-
consideration_text	`STRING`	Unstructured text description of consideration provided in exchange for security issuance	-
security_law_exemptions	[ schema/types/SecurityExemption ]	List of security law exemptions (and applicable jurisdictions) for this security	`REQUIRED`
stock_plan_id	`STRING`	Identifier of StockPlan the PlanSecurities were issued from	`REQUIRED`
compensation_type	`Enum - Compensation Type` Description: Enumeration of stock compensation types ONE OF: • OPTION • RSU	If the plan security is compensation, what kind?	`REQUIRED`
option_grant_type	`Enum - Option Type` Description: Enumeration of option types ONE OF: • NSO • ISO • INTL	If the plan security is an option, what kind?	-
quantity	schema/types/Numeric	How many shares are subject to this plan security?	`REQUIRED`
exercise_price	schema/types/Monetary	What is the exercise price?	`REQUIRED`
vesting_terms_id	`STRING`	Identifier of the VestingTerms to which this security is subject. If not present, security is fully vested on issuance.	-
expiration_date	ONE OF the Following Types/Objs: • `NULL` () • schema/types/Date	Expiration date of the plan security	`REQUIRED`
termination_exercise_windows	[ schema/types/TerminationWindow ]	Exercise periods applicable to plan security after a termination for a given, enumerated reason	`REQUIRED`

Source Code: schema/objects/transactions/issuance/PlanSecurityIssuance

Examples:

[
  {
    "object_type": "TX_PLAN_SECURITY_ISSUANCE",
    "id": "test-plan-security-issuance-minimal",
    "security_id": "test-plan-security-id",
    "date": "2019-12-12",
    "security_law_exemptions": [
      {
        "description": "Exemption",
        "jurisdiction": "CA"
      }
    ],
    "stakeholder_id": "test-stakeholder-id",
    "custom_id": "CA-1",
    "stock_plan_id": "test-stock-plan-id",
    "compensation_type": "RSU",
    "quantity": "50",
    "exercise_price": {
      "amount": "50.00",
      "currency": "USD"
    },
    "vesting_terms_id": "4yr-1yr-cliff-schedule",
    "expiration_date": "2031-01-20",
    "termination_exercise_windows": [
      {
        "reason": "INVOLUNTARY_WITH_CAUSE",
        "period": 1,
        "period_type": "DAYS"
      }
    ]
  },
  {
    "object_type": "TX_PLAN_SECURITY_ISSUANCE",
    "id": "test-plan-security-issuance-any-of-block-for-compensation-type-option",
    "security_id": "test-security-id",
    "date": "2019-12-12",
    "security_law_exemptions": [
      {
        "description": "Exemption",
        "jurisdiction": "CA"
      }
    ],
    "board_approval_date": "2021-01-21",
    "stakeholder_id": "test-stakeholder-id",
    "consideration_text": "1.00 USD",
    "custom_id": "CA-1",
    "stock_plan_id": "test-stock-plan-id",
    "compensation_type": "OPTION",
    "option_grant_type": "ISO",
    "quantity": "50",
    "exercise_price": {
      "amount": "50.00",
      "currency": "USD"
    },
    "expiration_date": "2031-01-20",
    "termination_exercise_windows": [
      {
        "reason": "INVOLUNTARY_WITH_CAUSE",
        "period": 1,
        "period_type": "DAYS"
      }
    ]
  },
  {
    "object_type": "TX_PLAN_SECURITY_ISSUANCE",
    "id": "test-plan-security-issuance-full-fields",
    "security_id": "test-plan-security-issuance-full-fields",
    "date": "2019-12-12",
    "security_law_exemptions": [
      {
        "description": "Exemption",
        "jurisdiction": "CA"
      },
      {
        "description": "Extra special exemption",
        "jurisdiction": "CA"
      }
    ],
    "board_approval_date": "2021-01-21",
    "stakeholder_id": "test-stakeholder-id",
    "consideration_text": "1.00 CAD",
    "custom_id": "CA-1",
    "stock_plan_id": "test-stock-plan-id",
    "compensation_type": "RSU",
    "quantity": "100",
    "exercise_price": {
      "amount": "50.00",
      "currency": "CAD"
    },
    "vesting_terms_id": "custom-vesting-100pct-upfront",
    "expiration_date": "2031-01-20",
    "termination_exercise_windows": [
      {
        "reason": "INVOLUNTARY_WITH_CAUSE",
        "period": 0,
        "period_type": "DAYS"
      },
      {
        "reason": "VOLUNTARY_GOOD_CAUSE",
        "period": 3,
        "period_type": "MONTHS"
      },
      {
        "reason": "INVOLUNTARY_OTHER",
        "period": 14,
        "period_type": "DAYS"
      },
      {
        "reason": "INVOLUNTARY_DEATH",
        "period": 3,
        "period_type": "YEARS"
      },
      {
        "reason": "INVOLUNTARY_DISABILITY",
        "period": 3,
        "period_type": "YEARS"
      },
      {
        "reason": "VOLUNTARY_RETIREMENT",
        "period": 1,
        "period_type": "MONTHS"
      },
      {
        "reason": "VOLUNTARY_OTHER",
        "period": 3,
        "period_type": "MONTHS"
      }
    ],
    "comments": [
      "comment 1",
      "comment 2",
      "a third comment"
    ]
  }
]