Lance Michael Arnett - 24 Feb 2021 Form 4 Insider Report for POWER SOLUTIONS INTERNATIONAL, INC. (PSIX)

Role
Chief Executive Officer
Signature
/s/ Lance Michael Arnett
Issuer symbol
PSIX
Transactions as of
24 Feb 2021
Net transactions value
$0
Form type
4
Filing time
25 Mar 2022, 15:40:02 UTC
Next filing
25 Mar 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PSIX Stock Appreciation Right Award $0 +80,000 +160% $0.000000 130,000 24 Feb 2021 Common Stock 80,000 $6.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Issuer granted the stock appreciation right (the "SAR") on February 24, 2021, pursuant to a Stock Appreciation Rights Agreement dated February 19, 2021 and the First Amendment to the Stock Appreciation Rights Agreement dated March 18, 2022, under the Issuer's 2012 Incentive Compensation Plan.
F2 The SAR vests and becomes exercisable in four equal installments on each of February 19, 2022, February 19, 2023, February 19, 2024 and February 19, 2025.

Remarks:

This Form 4 is being filed late due to an internal administrative error.