Beckett Darren 4
4 · SIGMA LABS, INC. · Filed Jul 6, 2022
Insider Transaction Report
Form 4
SIGMA LABS, INC.SASI
Transactions
- Award
Stock Option (right to buy)
2022-07-01+51,927→ 51,927 totalExercise: $2.50Exp: 2027-07-01→ Common Stock (51,927 underlying) - Award
Stock Appreciation Right
2022-07-01+97,038→ 97,038 totalExercise: $1.30Exp: 2027-07-01→ Common Stock (97,038 underlying) - Award
Stock Appreciation Right
2022-07-01+16,944→ 16,944 totalExercise: $2.50Exp: 2027-07-01→ Common Stock (16,944 underlying)
Footnotes (3)
- [F1]The stock option vests as follows: (i) 12,982 shares subject to the option vested on the date of grant, and (ii) the remaining 38,945 shares will vest in equal (as nearly as possible) monthly installments over the succeeding 36 months, subject, in each case, to the Reporting Person remaining an employee of the Issuer on the applicable vesting date.
- [F2]The stock appreciation right ("SAR") is payable in cash only, and vests on March 15, 2025, subject to the Reporting Person being in the continuous employ of the Issuer on the vesting date.
- [F3]The SAR is payable in cash only and vests as follows: (i) 25% of the SAR vested on the date of grant, and (ii) the balance of the SAR will vest in equal (as nearly as possible) monthly installments over the succeeding 36 months, subject, in each case, to the Reporting Person remaining an employee of the Issuer on the applicable vesting date.