Berning Jacob J 4
4 · INSIGNIA SYSTEMS INC/MN · Filed Oct 2, 2018
Insider Transaction Report
Form 4
Berning Jacob J
Director
Transactions
- Award
Common Stock Equivalent
2018-09-30$1.73/sh+3,179$5,500→ 3,179 totalExercise: $0.00→ Common Stock (3,179 underlying)
Footnotes (1)
- [F1]Each Common Stock Equivalent is the economic equivalent of one share of Insignia Systems, Inc. common stock. The Common Stock Equivalents were acquired pursuant to the Insignia Systems, Inc. Deferred Compensation Plan for Directors (the "Plan"), whereby Directors may elect to defer receipt of cash fees. The Common Stock Equivalents will be settled (i) in Insignia Systems, Inc. common stock upon a separation from service with the Company or (ii) in cash upon an earlier change in control of the Company.