CLEARSIGN COMBUSTION CORP 4
4 · CLEARSIGN COMBUSTION CORP · Filed Dec 31, 2015
Insider Transaction Report
Form 4
ISAACSON SCOTT P
Director
Transactions
- Award
Common Stock
2015-12-31$5.97/sh+2,094$12,501→ 30,184 total
Footnotes (1)
- [F1]On February 3, 2015 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 2015, each independent director was granted 2,094 shares of common stock per quarter, having a per share value of $5.97, 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.