Pate Bruce Alan 4
4 · ClearSign Technologies Corp · Filed Nov 23, 2020
Insider Transaction Report
Form 4
Pate Bruce Alan
Director
Transactions
- Award
Options to Purchase Common Stock
2020-11-19+19,750→ 19,750 totalExercise: $2.38From: 2020-11-19Exp: 2020-11-18→ Common Stock (19,750 underlying)
Holdings
- 19,750
Options to Purchase Common Stock
Exercise: $0.49From: 2020-05-19Exp: 2030-05-19→ Common Stock (19,750 underlying) - 19,750
Option to Purchase Common Stock
Exercise: $0.72From: 2020-04-01Exp: 2030-04-01→ Common Stock (19,750 underlying) - 70,500
Option to Purchase Common Stock
Exercise: $1.00Exp: 2029-04-01→ Common Stock (70,500 underlying) - 19,750
Options to Purchase Common Stock
Exercise: $2.30From: 2020-08-18Exp: 2030-08-17→ Common Stock (19,750 underlying)
Footnotes (2)
- [F1]On November 19, 2020 the Issuer's board of directors approved compensation to be paid to the Issuer's non-executive directors for services provided to the Issuer during the period from October 1, 2020 to December 31, 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 $2.38. The total numbers 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 17,625 shares vested on May 9, 2019 and the right to purchase the remaining 52,875 shares vested in equal increments on the last day of each calendar quarter during 2019.