CLEARSIGN COMBUSTION CORP 4
4 · CLEARSIGN COMBUSTION CORP · Filed Feb 14, 2017
Insider Transaction Report
Form 4
ISAACSON SCOTT P
Director
Transactions
- Award
Common Stock/CLIR
2017-02-10+27,778→ 80,908 total
Footnotes (1)
- [F1]On February 10, 2017, the Issuer's Compensation Committee approved annual compensation for the Issuer's independent directors. The reporting person is an independent director. As full compensation for services provided to the Issuer during 2017, each independent director was granted 27,778 shares of common stock, having a per share value of $3.60, the closing price of the Issuer's common stock on the date of grant. The Company has the right to repurchase the shares at a price of $0.0001 per share upon the termination of the reporting person's services as a director or other circumstances designated in the award agreement. The repurchase right expires on February 10, 2018. The shares will be issued from the Issuer's 2011 Equity Compensation Plan.