CLEARSIGN COMBUSTION CORP 4
4 · CLEARSIGN COMBUSTION CORP · Filed Dec 31, 2014
Insider Transaction Report
Form 4
ISAACSON SCOTT P
Director
Transactions
- Award
Common Stock
2014-12-31$10.26/sh+1,219$12,507→ 21,808 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 was granted 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 were issued from the Company's 2011 Equity Incentive Plan and held in escrow until the shares are earned. The shares are earned on a quarterly basis and are released to the independent directors on the last day of each fiscal quarter.
- [F2]Following the completion of the reporting person's service during the quarter, the shares were 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 were released on December 31, 2014.