Richard N. Grant Jr. - 09 Mar 2022 Form 4 Insider Report for INTEST CORP (INTT)

Role
President & CEO, Director
Signature
/s/ Richard N. Grant, Jr.
Issuer symbol
INTT
Transactions as of
09 Mar 2022
Net transactions value
-$11,086
Form type
4
Filing time
11 Mar 2022, 13:35:03 UTC
Next filing
25 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INTT Common Stock Award $0 +13,664 +8.5% $0.000000 173,942 09 Mar 2022 Direct F1
transaction INTT Common Stock Award $0 +13,662 +7.9% $0.000000 187,604 09 Mar 2022 Direct F2
transaction INTT Common Stock Sale $11,086 -1,167 -0.62% $9.50 186,437 10 Mar 2022 Direct 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 INTT Employee Stock Option (right to buy) Award $0 +25,692 $0.000000 25,692 09 Mar 2022 Common Stock 25,692 $9.76 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares acquired are restricted shares issued pursuant to the Issuer's Third Amended and Restated 2014 Stock Plan (the "Plan") and will vest 25% annually commencing on March 9, 2023.
F2 The shares acquired are performance-based restricted shares issued pursuant to the Plan and will vest on March 9, 2025 dependent upon certain performance criteria. The amount shown reflects the number of shares that will vest at target performance. The maximum number of shares that may vest pursuant to the performance criteria is 20,493.
F3 The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 30, 2021.
F4 The option was issued pursuant to the Plan and will vest 25% annually commencing on March 9, 2023.