Jason Cohenour - Mar 5, 2024 Form 4 Insider Report for CalAmp Corp. (CAMP)

Role
Director
Signature
Kevin Hansen, Attorney-in-Fact
Stock symbol
CAMP
Transactions as of
Mar 5, 2024
Transactions value $
-$5,526
Form type
4
Date filed
3/7/2024, 07:41 PM
Previous filing
Nov 9, 2023
Next filing
May 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAMP Common Stock Options Exercise $0 +7.82K +249.33% $0.00 11K Mar 5, 2024 Direct F1
transaction CAMP Common Stock Tax liability -$5.53K -2.32K -21.18% $2.38 8.64K Mar 5, 2024 Direct F1, F2

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 CAMP Restricted Stock Units (RSUs) Options Exercise $0 -7.82K -100% $0.00* 0 Mar 5, 2024 Common Stock 7.82K Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects a 1-for-23 reverse stock split that was effected by CalAmp Corp. on February 1, 2024.
F2 Represents shares withheld to pay statutory withholding taxes in connection with vesting of restricted stock award/units held by the reporting person.
F3 Restricted stock units convert into common stock on a one-for-one basis.
F4 Original vesting schedule noted 1,304 shares (post split) would be earned for each full month of service as Interim CEO and vest on the first anniversary of the grant date (Maximum 7,824 shares). Any RSUs that would not vest would be forfeited. The reporting person ceased serving as Interim CEO on January 22, 2024 and the reporting person's transitional services ended on February 20, 2024. As a result, the Human Capital Committee approved a modification of the RSU award such that all 7,824 RSUs vested on March 5, 2024.