4//SEC Filing
Young Jeremiah Ray 4
Accession 0001104659-21-027934
CIK 0000830616other
Filed
Feb 24, 7:00 PM ET
Accepted
Feb 25, 9:28 AM ET
Size
15.6 KB
Accession
0001104659-21-027934
Insider Transaction Report
Form 4
Young Jeremiah Ray
DirectorPRESIDENT and CEO
Transactions
- Exercise/Conversion
Common stock, without par value
2021-02-24$0.84/sh+4,450$3,738→ 30,904 total - Tax Payment
Common stock, without par value
2021-02-24$3.50/sh−1,068$3,738→ 29,836 total - Exercise/Conversion
Common stock, without par value
2021-02-24$1.25/sh+4,120$5,150→ 33,956 total - Tax Payment
Common stock, without par value
2021-02-24$3.50/sh−1,472$5,152→ 32,484 total - Exercise/Conversion
Stock option - Right to Buy
2021-02-24$0.84/sh−4,450$3,738→ 0 totalExercise: $0.84From: 2019-11-07Exp: 2024-11-06→ Common Stock, without par value (4,450 underlying) - Exercise/Conversion
Stock option - Right to Buy
2021-02-24$1.25/sh−4,120$5,150→ 6,180 totalExercise: $1.25From: 2020-05-15Exp: 2028-05-14→ Common Stock, without par value (4,120 underlying)
Footnotes (5)
- [F1]Reflects 2,540 shares withheld by the Issuer at the market price of $3.50 per share less an exercise price of $0.84 per share to fund the cashless exercise of 4,450 options and less an exercise price of $1.25 per share to fund the exercise price of 4,120 options.
- [F2]Stock options under the Issuer's 2006 Stock Option Plan. The option shares are fully vested.
- [F3]Stock options under the Issuer's 2011 Stock Option Plan. The option shares are fully vested.
- [F4]The transactions reported above in Table I reflect the cashless exercise of stock options. The cashless exercise for the options is reported in four lines. The lines coded M in column 3 of Table I report in column 4 the number of shares issuable upon exercise of the options had cash been paid to exercise the options, together with the exercise price with Code A for acquired. The lines coded F in column 3 of Table I relates to the same cashless exercise on the preceding line and reports in Column 4 the number of shares deducted from the total number of shares issuable to pay for the cashless exercise of such options with Code D for disposed.
- [F5]Where the number of shares deducted for cashless exercise is a fraction, the number has been rounded to the nearest whole number of shares. The number of shares on a net basis actually owned by the Reporting Person after the cashless exercise of each option is the amount by which the first line for each cashless exercise exceeds the second line for the same cashless exercise. All transactions are exempt from Section 16(b) by reason of Rule 16b-3. The transactions reported in Table II above, reflect the disposition of the same stock options whose cashless exercise is disclosed in Table I above.
Documents
Issuer
SCI Engineered Materials, Inc.
CIK 0000830616
Entity typeother
Related Parties
1- filerCIK 0001722788
Filing Metadata
- Form type
- 4
- Filed
- Feb 24, 7:00 PM ET
- Accepted
- Feb 25, 9:28 AM ET
- Size
- 15.6 KB