Meline Susanne 4
4 · ClearSign Technologies Corp · Filed Jan 25, 2021
Insider Transaction Report
Form 4
Meline Susanne
Director
Transactions
- Award
Option to Purchase Common Stock
2021-01-22+22,750→ 22,750 totalExercise: $3.97From: 2021-04-01Exp: 2031-01-21→ Common Stock (22,750 underlying)
Holdings
- 22,750
Option to Purchase Common Stock
Exercise: $0.72From: 2020-04-01Exp: 2030-04-01→ Common Stock (22,750 underlying) - 22,750
Option to Purchase Common Stock
Exercise: $0.49From: 2020-05-19Exp: 2030-05-19→ Common Stock (22,750 underlying) - 22,750
Option to Purchase Common Stock
Exercise: $2.38From: 2020-11-19Exp: 2030-11-18→ Common Stock (22,750 underlying) - 91,000
Option to Purchase Common Stock
Exercise: $1.00Exp: 2029-04-01→ Common Stock (91,000 underlying) - 22,750
Option to Purchase Common Stock
Exercise: $2.30From: 2020-08-18Exp: 2030-05-17→ Common Stock (22,750 underlying)
Footnotes (2)
- [F1]On January 22, 2021, 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 January 1, 2021 to March 31, 2021. 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 $3.97. The options fully vest on April 1, 2021, subject to the reporting person's continued service as a non-executive director to the Issuer. 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 recommended to the Issuer's board of directors by its compensation committee and 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 22,750 shares vested on May 9, 2019 and the right to purchase the remaining 68,250 shares vested in equal increments on the last day of each calendar quarter during 2019.