Ascent Solar Technologies, Inc. 4
4 · Ascent Solar Technologies, Inc. · Filed May 23, 2016
Insider Transaction Report
Form 4
Hian Lee Kong
Director
Transactions
- Award
Common Stock
2016-05-19+600,000→ 600,000 total - Award
Common Stock Option (Right to Buy)
2016-05-19+200,000→ 1,000,000 totalExercise: $0.06From: 2016-05-19Exp: 2026-03-10→ Common Stock (200,000 underlying)
Footnotes (3)
- [F1]Mr. Lee was granted 600,000 restricted stock units on March 10, 2016, subject to and contingent upon receipt of stockholder approval in accordance with Sections 9 and 10 of the Issuer's Restricted Stock Plan. The stockholders approved the restricted stock unit grant on May 19, 2016. Each unit represents a contingent right to receive one share of common stock of the Issuer. Restricted stock units vest as follows: 50% on September 10, 2016 and 50% on March 10, 2017.
- [F2]The option grant was approved by the Compensation Committee of Issuer's Board of Directors on June 18, 2015, subject to stockholder approval of the option grant. Issuer's stockholders approved the option grant on May 19, 2016.
- [F3]Upon approval of the option grant by Issuer's stockholders on May 19, 2016, the shares subject to the option grant vest as follows: 50% on March 10, 2017 and 50% on March 10, 2018.