BELL LON E 4
4 · ClearSign Technologies Corp · Filed May 20, 2020
Insider Transaction Report
Form 4
BELL LON E
Director
Transactions
- Award
Option to Purchase Common Stock
2020-05-18+17,000→ 17,000 totalExercise: $0.54From: 2020-05-18Exp: 2030-05-18→ Common Stock (17,000 underlying)
Holdings
- 68,000
Option to Purchase Common Stock
Exercise: $1.00Exp: 2029-04-01→ Common Stock (68,000 underlying) - 17,000
Option to Purchase Common Stock
Exercise: $0.72From: 2020-04-01Exp: 2030-04-01→ Common Stock (17,000 underlying)
Footnotes (2)
- [F1]On May 18, 2020 the Compensation Committee of the Issuer's board of directors, in accordance with a compensation policy approved by the board of directors, approved compensation to be paid to the Issuer's non-executive directors for services provided and to be provided to the Issuer during the period from April 1, 2020 to June 30, 2020. The reporting person is a non-executive director. As compensation for their services, each non- executive director was awarded options for shares of common stock having an exercise price of $0.54. The total number of option shares awarded was based on the services provided by the director. These services include Board participation, committee participation, committee chair responsibilities and lead director responsibilities, if any. The award was issued from the Issuer's 2011 Equity Incentive Plan.
- [F2]The right to exercise the option and purchase the option shares vested in equal increments as follows: the right to purchase 17,000 shares vested on May 9, 2019 and the right to purchase the remaining 51,000 shares vested in equal increments on the last day of each calendar quarter during 2019.