QS Energy, Inc. 4
4 · QS Energy, Inc. · Filed May 12, 2017
Insider Transaction Report
Form 4
QS Energy, Inc.QSEP
SHELTON NATHAN E
Director
Transactions
- Award
Option to Purchase Common Stock
2017-05-09+1,000,000→ 1,664,519 totalExercise: $0.05From: 2017-01-12Exp: 2027-01-01→ Common Stock (1,000,000 underlying)
Footnotes (1)
- [F1]The stock options reported under item 1 above were granted to each member of Issuer's Board as equity compensation under the Issuer's Board Compensation Policy, approved by the Board on 06/19/2015. The options granted under item 1 vest at the rate of 1/12 per month, commencing 01/01/2017, with full vesting on 12/31/2017. On 05/09/2017, the Board agreed to accelerate outstanding unvested options listed under item 1, effective 05/09/2017, in connection with Mr. Shelton's resignation from the Board and all committees, effective 05/08/2017.