Murphy Edward G 4
4 · LUNA INNOVATIONS INC · Filed Jul 6, 2011
Insider Transaction Report
Form 4
Murphy Edward G
Director
Transactions
- Award
Stock Units
2011-07-01$1.65/sh+6,060.6$10,000→ 6,060.6 total→ Common Stock (6,060.6 underlying)
Footnotes (3)
- [F1]Stock units are convertible into issuer's common stock on a 1-for-1 basis.
- [F2]This grant was made pursuant to the issuer's non-employee director compensation policy. The Reporting Person was awarded an annual retainer of $10,000 and elected to receive the retainer in restricted stock units of the issuer's common stock. The number of restricted stock units awarded was equal to $10,000 divided by $1.65, the closing price of the issuer's common stock on the NASDAQ Capital Market on the date of grant, July 1, 2011.
- [F3]The stock units become issuable in common stock of the issuer at the election of the Reporting Person's termination of service, a change in control of the issuer, an unforeseeable emergency , or a fixed date selected by the Reporting Person.