Coburn John G 4
4 · Genasys Inc. · Filed Mar 12, 2020
Insider Transaction Report
Form 4
Genasys Inc.LRAD
Coburn John G
Director
Transactions
- Exercise/Conversion
Restricted Stock units
2020-03-12−30,000→ 0 total→ common stock (30,000 underlying) - Exercise/Conversion
Common stock
2020-03-12+30,000→ 221,660 total - Award
Common stock
2020-03-10+30,000→ 191,660 total
Footnotes (3)
- [F1]On March 10, 2020, the issuer granted to the reporting person 30,000 restricted stock units (RSU's) that vest on the one year anniversary of the date of grant. Each RSU represents a contingent right to receive one share of Genasys Inc. common stock and is eligible to be settled solely in shares of Genasys Inc. common stock.
- [F2]The reporting person received a grant of 30,000 RSU's on March 12, 2019. These vested on March 12, 2020 and the reporting person received one share of Genasys Inc. common stock for each RSU.
- [F3]No purchase price, conversion price or exercise price was paid because the restricted stock units converted into shares of common stock on a one-for-one basis.