LUNA INNOVATIONS INC 4
4 · LUNA INNOVATIONS INC · Filed Jan 5, 2015
Insider Transaction Report
Form 4
Dalhouse Warner
Director
Transactions
- Award
Stock Units
2015-01-02$1.44/sh+1,736.11$2,500→ 84,397.98 total→ Common Stock (1,736.11 underlying)
Footnotes (3)
- [F1]Stock units are convertible into issuer's common stock on a 1-for-1 basis.
- [F2]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.
- [F3]This grant was made pursuant to the issuer's non-employee director compensation policy. Represent $2,500 awarded to the Reporting Person as a retainer for his service as Chairman of the Compensation Committee of the Board of Director's for the period of January 1, 2015 to March 31, 2015. The number units is equal to $2,500 divided by $1.44, the closing price of the issuer's common stock on NASDAQ Capital Market on January 2, 2015, the first trading day of the quarter. The Reporting Person elected to receive Chairman fees in stock units.