Benavides Jesus Salvador Gil - 09 Apr 2024 Form 4 Insider Report for FreightCar America, Inc. (RAIL)

Role
Director
Signature
/s/ Celia Perez, as attorney in fact
Issuer symbol
RAIL
Transactions as of
09 Apr 2024
Net transactions value
$0
Form type
4
Filing time
11 Apr 2024, 15:16:51 UTC
Previous filing
02 Feb 2024
Next filing
16 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RAIL Common Stock Options Exercise $714,000 +300,000 +1043% $2.38 328,772 09 Apr 2024 Direct F1
transaction RAIL Common Stock Options Exercise $54,811 +17,022 +5.2% $3.22 345,794 09 Apr 2024 Direct F1
holding RAIL Common Stock 640,603 09 Apr 2024 See footnote F2
holding RAIL Common Stock 316,013 09 Apr 2024 See footnote F3

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 RAIL Employee Stock Option Options Exercise $714,000 -300,000 -100% $2.38 0 09 Apr 2024 Common Stock 300,000 $2.38 Direct F4
transaction RAIL Employee Stock Option Options Exercise $54,811 -17,022 -100% $3.22 0 09 Apr 2024 Common Stock 17,022 $3.22 Direct F5
holding RAIL Employee Stock Option 28,709 09 Apr 2024 Common Stock 28,709 $3.82 Direct F6
holding RAIL Employee Stock Option 12,608 09 Apr 2024 Common Stock 12,608 $3.81 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the exercise of vested employee stock options and stock appreciation rights by the reporting person pursuant to Rule 16b-3.
F2 Represents 640,603 shares owned by Fabricaciones y Servicios de Mexico, S.A. de C.V., a corporation in which Jesus Salvador Gil Benavides owns 33% of the equity interests, and therefore is deemed to have voting and dispositive power over 33% of the shares held by such entity. Fabricaciones y Servicios de Mexico, S.A. de C.V. owns a total of 1,941,221 shares of common stock of the Company.
F3 Represents 316,013 shares owned by Agben de Mexico, S.A. de C.V., a corporation in which Jesus Salavdor Gil Benavides owns 99% of the equity interests, and therefore is deemed to have voting and dispositive power over the securities held by such entity.
F4 300,000 stock appreciation rights granted on January 5, 2021 were fully vested and exercisable on January 5, 2024.
F5 17,022 options granted on January 6, 2023 were fully vested and exercisable on January 6, 2024.
F6 28,709 options granted on January 17, 2022 are fully vested and exercisable until April 30, 2024.
F7 12,608 options granted on January 28, 2021 are fully vested and exercisable until April 30, 2024.