4//SEC Filing
Stream William Gray 4
Accession 0001209191-22-037106
CIK 0000352955other
Filed
Jun 14, 8:00 PM ET
Accepted
Jun 15, 7:09 PM ET
Size
14.0 KB
Accession
0001209191-22-037106
Insider Transaction Report
Form 4
Stream William Gray
Director
Transactions
- Award
Common Stock
2022-06-13+38,378→ 48,000 total - Award
Performance Shares
2022-06-13+140,124→ 140,124 totalExp: 2024-07-15→ Common Stock (140,124 underlying) - Exercise/Conversion
Performance Shares
2022-06-13−15,792→ 124,332 totalExp: 2024-07-15→ Common Stock (15,792 underlying) - Exercise/Conversion
Common Stock
2022-06-13+15,792→ 63,792 total
Holdings
- 34,000(indirect: By Partnership)
Common Stock
- 15,037(indirect: Sierra Pelican, L.L.C.)
Common Stock
- 7,844(indirect: Stream Investment Holdings II, L.L.C.)
Common Stock
Footnotes (4)
- [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]The Reporting Person disclaims ownership of the reported securities owned by Stream Family Limited Partnership, Sierra Pelican, L.L.C., and Stream Investment Holdings II, L.L.C., except to the extent of his pecuniary interest therein.
- [F3]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.
- [F4]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
Issuer
CKX LANDS, INC.
CIK 0000352955
Entity typeother
Related Parties
1- filerCIK 0001360802
Filing Metadata
- Form type
- 4
- Filed
- Jun 14, 8:00 PM ET
- Accepted
- Jun 15, 7:09 PM ET
- Size
- 14.0 KB