Murphy Edward G 4
4 · LUNA INNOVATIONS INC · Filed Jul 3, 2012
Insider Transaction Report
Form 4
Murphy Edward G
Director
Transactions
- Award
Stock Units
2012-07-02$1.35/sh+11,111.11$15,000→ 17,652.48 total→ Common Stock (11,111.11 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 on July 1 of $15,000 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 $15,000 divided by $1.35, the closing price of the issuer's common stock on the NASDAQ Capital Market on July 2, 2012, the first trading day of the quarter.
- [F3]The stock units become issuable in common stock of the issuer at the election of the Reporting Person upon the earliest to occur 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. The units have no expiration date.