4//SEC Filing
CLEARSIGN COMBUSTION CORP 4
Accession 0001144204-14-058865
$CLIRCIK 0001434524operating
Filed
Sep 30, 8:00 PM ET
Accepted
Oct 1, 6:03 AM ET
Size
5.7 KB
Accession
0001144204-14-058865
Insider Transaction Report
Form 4
ISAACSON SCOTT P
Director
Transactions
- Award
Common Stock
2014-09-30$10.26/sh+1,219$12,507→ 20,589 total
Footnotes (2)
- [F1]On February 7, 2014 the Issuer's board of directors approved annual compensation for the Issuer's independent directors. The reporting person is an independent director. As partial compensation for services provided to the Issuer during 2014, each independent director will receive a total of 4,875 shares of common stock, having a per share value of $10.26, the closing price of the Issuer's common stock on the date of grant. The shares of common stock will be issued from the Company's 2011 Equity Incentive Plan and are held in escrow until the shares are earned. (continued in footnote 2)
- [F2]The shares are earned on a quarterly basis and are released to the independent directors on the last day of each fiscal quarter. Following the completion of the reporting person's service during the quarter, the shares shall be released as follows: (i) 1,218 shares were released on March 31, 2014; (ii) 1,219 shares were released on June 30, 2014; (iii) 1,219 shares were released on September 30, 2014; and (iv) 1,219 shares will be released on December 31, 2014.
Documents
Issuer
CLEARSIGN COMBUSTION CORP
CIK 0001434524
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001434524
Filing Metadata
- Form type
- 4
- Filed
- Sep 30, 8:00 PM ET
- Accepted
- Oct 1, 6:03 AM ET
- Size
- 5.7 KB