PIPER JAFFRAY COMPANIES RESTRICTED STOCK AGREEMENT (Employment Inducement Award Grant)Restricted Stock Agreement • February 25th, 2016 • Piper Jaffray Companies • Security brokers, dealers & flotation companies • Delaware
No. of Shares Covered: Subject to the terms and conditions hereof, the number of Shares covered by and to be issued pursuant to this Agreement will equal $[ ] divided by the closing price of one Share on the Date of Issuance; provided, that if the foregoing calculation results in a fractional Share, the number of Shares covered by this Agreement will be rounded up to the nearest whole Share.
