Pastor Donald 4
4 · LUNA INNOVATIONS INC · Filed May 17, 2018
Insider Transaction Report
Form 4
Pastor Donald
Director
Transactions
- Award
Stock Units
2018-05-15+8,143→ 8,143 total→ Common Stock (8,143 underlying)
Footnotes (3)
- [F1]Stock Units are convertible into issuer's common stock on a 1-for-1 basis.
- [F2]This grant was awarded in connection with Mr. Pastor's service as a member of the board of directors, pursuant to the issuer's non-employee director compensation policy. The number of stock units awarded is equal to $25,000 divided by $3.07, the closing price of the issuer's stock on Nasdaq Capital Market on May 15, 2018, the date of grant.
- [F3]The stock units vest upon the earlier of the one year anniversary of the grant date or the issuer's annual meeting of stockholders and, subject to vesting, will 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.