CLEARSIGN COMBUSTION CORP 4
4 · CLEARSIGN COMBUSTION CORP · Filed Jan 26, 2017
Insider Transaction Report
Form 4
PIRNAT STEPHEN E
Director
Transactions
- Exercise of In-Money
Common Stock/CLIR
2017-01-25$4.00/sh+8,361$33,444→ 50,169 total - Exercise of In-Money
Subscription Rights (Right to Purchase)
2016-12-27−8,361→ 0 totalExercise: $4.00From: 2016-12-27Exp: 2017-01-13→ See Footnote (8,361 underlying) - Exercise of In-Money
Warrant to Purchase Common Stock
2017-01-25+8,361→ 8,361 totalExercise: $4.00From: 2017-01-25Exp: 2019-01-25→ Common Stock (8,361 underlying)
Footnotes (2)
- [F1]The common stock and the warrants reported on this Form 4 were acquired pursuant to the exercise of subscription rights previously distributed by the Issuer to all holders of the Issuer's common stock. Each holder received 0.2 subscription rights per share of stock owned, and each right allowed the recipient to purchase one unit, consisting of one share of common stock and one warrant to purchase one share of common stock. The subscription price per unit was $4.00.
- [F2]Each warrant entitles the holder to purchase one share of the Company's common stock at an exercise price of $4.00 from the date of issuance through January 25, 2019.