PIPER JAFFRAY COMPANIES FORM OF RESTRICTED STOCK AGREEMENT (Employment Inducement Award Grant)Restricted Stock Agreement • November 29th, 2019 • 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 volume-weighted average per-share closing price of the Company’s Common Stock on the New York Stock Exchange for the ten (10) trading days ending on the third (3rd) trading day before the Closing Date; 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.
