4//SEC Filing
Rasmus Robert E. 4
Accession 0001515156-23-000099
CIK 0001515156other
Filed
Jul 18, 8:00 PM ET
Accepted
Jul 19, 6:43 PM ET
Size
11.6 KB
Accession
0001515156-23-000099
Insider Transaction Report
Form 4
Rasmus Robert E.
DirectorChief Executive Officer
Transactions
- Award
Common Stock
2023-07-17$1.89/sh+422,221$799,982→ 422,221 total - Award
Common Stock
2023-07-17$1.89/sh+527,779$999,983→ 527,779 total(indirect: By LLC) - Award
Stock Option (right to buy)
2023-07-17+1,000,000→ 1,000,000 totalExercise: $3.00Exp: 2033-07-17→ Common Stock (1,000,000 underlying) - Award
Restricted Stock Units
2023-07-17+400,000→ 400,000 total→ Common Stock (400,000 underlying)
Footnotes (5)
- [F1]Mr. Rasmus agreed to acquire the shares of the Issuer's common stock, par value $0.001 (the "Common Stock"), reported on this row from the Company for cash pursuant to a subscription agreement entered into with the Issuer.
- [F2]The shares of Common Stock reported on this row are held by RER Legacy Investments II LLC ("RER Legacy"). Mr. Rasmus is the ultimate control person of RER Legacy, and an indirect beneficial owner of these shares. Mr. Rasmus disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
- [F3]Represents options to purchase Common Stock granted to Mr. Rasmus as an employment inducement award. The options will vest ratably in three equal annual installments on each anniversary of the date of grant.
- [F4]Represents restricted stock units ("RSUs") granted to Mr. Rasmus as an employment inducement award. Each RSU represents the right to receive one share of Common Stock upon vesting and settlement.
- [F5]250,000 RSUs vest when the volume weighted average price ("VWAP") of the Common Stock over a 30-day period equals $10.00 per share and 150,000 RSUs vest when the VWAP over a 30-day period equals $15.00 per share, in each case, prior to the third anniversary of the date of grant.
Documents
Issuer
Advanced Emissions Solutions, Inc.
CIK 0001515156
Entity typeother
Related Parties
1- filerCIK 0001555130
Filing Metadata
- Form type
- 4
- Filed
- Jul 18, 8:00 PM ET
- Accepted
- Jul 19, 6:43 PM ET
- Size
- 11.6 KB