Dalhouse Warner 4
4 · LUNA INNOVATIONS INC · Filed Apr 3, 2013
Insider Transaction Report
Form 4
Dalhouse Warner
Director
Transactions
- Award
Stock Units
2013-04-01$1.19/sh+2,100.84$2,500→ 49,505.72 total→ Common Stock (2,100.84 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. Represents $2,500 awarded to the Reporting Person as a retainer for his service as Chairman of the Compensation Committee of the Board of Directors for the period from April 1, 2013 to June 30, 2013. The number of stock units is equal to $2,500 divided by $1.19, the closing price of the issuer's common stock on the NASDAQ Capital Market on April 1, 2013, the first trading day of the quarter. The Reporting Person elected to receive the Chairman fees in stock units.
- [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.