Lenns Charles A. 4
4 · Corning Natural Gas Holding Corp · Filed Jul 6, 2022
Insider Transaction Report
Form 4
Lenns Charles A.
VP and CFO
Transactions
- Disposition to Issuer
Stock Option
2022-07-06−10,000→ 0 totalFrom: 2021-09-22Exp: 2031-09-22→ Common Stock (10,000 underlying) - Disposition to Issuer
Stock Option
2022-07-06$24.75/sh−5,000$123,750→ 0 totalExercise: $24.63From: 2022-07-01Exp: 2032-07-01→ Common Stock (5,000 underlying) - Disposition to Issuer
Common Stock
2022-07-06$24.75/sh−4,500$111,375→ 0 total - Award
Stock Option
2022-07-01$24.63/sh+5,000$123,150→ 25,000 totalExercise: $24.63From: 2022-07-01Exp: 2032-07-01→ Common Stock (5,000 underlying) - Disposition to Issuer
Stock Option
2022-07-06−10,000→ 0 totalFrom: 2020-08-31Exp: 2030-08-31→ Common Stock (10,000 underlying)
Footnotes (2)
- [F1]Included shares of restricted stock previously issued to Mr. Lenns for his services as an officer. 1,125 shares of restricted stock vested in full pursuant to that certain merger agreement with ACP Crotona Corp. and ACP Crotona Merger Sub Corp, and 3,375 shares of restricted stock had previously vested.
- [F2]Pursuant to that certain merger agreement with ACP Crotona Corp. and ACP Crotona Merger Sub Corp., Mr. Lenns' stock options converted into the right to receive a cash payment equal to $100,000 representing the excess of the merger consideration ($24.75 per share) over the per share exercise price of the stock options ($16.50 for the 10,000 options granted on 08/31/2020 and $23.00 for the 10,000 options granted on 09/22/2021).