Keating Timothy J. 4
4 · Surna Inc. · Filed Jan 3, 2020
Insider Transaction Report
Form 4
Surna Inc.SRNA
KEATING TIMOTHY J
Director
Transactions
- Award
Option to purchase common stock
2020-01-02+2,000,000→ 2,000,000 totalExercise: $0.07From: 2020-01-02Exp: 2030-01-02→ Common Stock (2,000,000 underlying) - Award
Option to purchase common stock
2020-01-02+250,000→ 2,250,000 totalExercise: $0.07From: 2020-01-02Exp: 2030-01-02→ Common Stock (250,000 underlying)
Footnotes (2)
- [F1]On January 2, 2020, the Issuer's board of directors approved the grant of non-qualified stock options to purchase 2,000,000 shares of common stock at an exercise price of $0.07, the closing price of Issuer's common stock on December 31, 2019, which vested and became exercisable in full immediately upon grant. These options were granted as a 2019 equity award under the Issuer's compensation plan for independent directors. The grant of these options and the issuance of shares of common stock upon exercise thereof are transactions exempt from Section 16(b) of the Exchange Act.
- [F2]On January 2, 2020, the Issuer's board of directors approved the grant of non-qualified stock options to purchase 250,000 shares of common stock at an exercise price of $0.07, the closing price of Issuer's common stock on December 31, 2019, which vested and became exercisable in full immediately upon grant. These options were granted as a 2020 equity award under the Issuer's compensation plan for independent directors. The grant of these options and the issuance of shares of common stock upon exercise thereof are transactions exempt from Section 16(b) of the Exchange Act.