Stepp Scott Adams 4

4 · CKX LANDS, INC. · Filed Jun 15, 2022

Form 4

Period: 2022-06-13

Chief Financial Officer

Transactions

Award
Common Stock
2022-06-13+38,377→ 38,377 total
Exercise/Conversion
Common Stock
2022-06-13+15,792→ 54,169 total
Award
Performance Shares
2022-06-13+140,121→ 140,121 total
Exp: 2024-07-15→ Common Stock (140,121 underlying)
Exercise/Conversion
Performance Shares
2022-06-13−15,792→ 124,329 total
Exp: 2024-07-15→ Common Stock (15,792 underlying)

Footnotes (3)

[F1]The reported transaction was the grant of restricted stock units (RSUs) that are payable solely in shares of the Issuer's common stock. The RSUs will vest incrementally on July 15, 2022, 2023 and 2024 if the Reporting Person remains employed by the Issuer on those dates.
[F2]Each performance share represents a contingent right to receive one share of the Issuer's common stock. Various percentages of the performance share award vest if the closing price of the Issuer's common stock equals or exceeds, for at least ten consecutive trading days during the performance period, prices of $12, $13, $14, $14.50 and $15 per share. The performance period is July 15, 2020 to July 15, 2024.
[F3]The Issuer's common stock met the $12 trading price target on May 19, 2021. Accordingly, 11.27% of the award was vested at the time it was granted.

Documents

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