Gregory Martel - Mar 9, 2022 Form 3 Insider Report for INTEST CORP (INTT)

Role
VP&GM-Environmental Tech
Signature
/s/ Gregory Martel
Stock symbol
INTT
Transactions as of
Mar 9, 2022
Transactions value $
$0
Form type
3
Date filed
3/28/2022, 05:09 PM
Next filing
May 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding INTT Common Stock 17K Mar 9, 2022 Direct F1
holding INTT Common Stock 48 Mar 9, 2022 By Plan 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
holding INTT Employee Stock Option (right to buy) Mar 9, 2022 Common Stock 2.35K $8.45 Direct F3
holding INTT Employee Stock Option (right to buy) Mar 9, 2022 Common Stock 5.15K $5.31 Direct F4
holding INTT Common Stock Mar 9, 2022 Common Stock 2.25K $3.20 Direct F5
holding INTT Employee Stock Option (right to buy) Mar 9, 2022 Common Stock 10K $13.13 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of (1) 3,100, 3,400, 1,100 and 3,500 shares granted pursuant to the Issuer's Amended and Restated 2014 Stock Plan (the "Stock Plan") on March 12, 2018, May 14, 2019, April 29, 2020 and April 28, 2021, respectively, each of which vested 25% annually commencing on the first anniversary of the grant date; and (2) 6,000 shares granted pursuant to the Stock Plan which vest on March 10, 2024 dependent on certain performance criteria. The maximum number of shares that may vest pursuant to the performance criteria is 9,000.
F2 The information in this report is based on information provided by a third-party Trustee of the inTEST Corporation Incentive Savings Plan (the "Plan") as of February 28, 2022. Actions by the Trustee of the Plan to maintain overall Plan liquidity targets over time will result in periodic fluctuations in the number of shares of inTEST Common Stock held by the Plan and allocated among the participants of the Plan (including the reporting person) and are not the result of volitional or discretionary actions of the reporting person.
F3 Stock option granted on March 12, 2018 pursuant to the Stock Plan and will vest 25% annually commencing on March 12, 2019.
F4 Stock option granted on May 14, 2019 pursuant to the Stock Plan and will vest 25% annually commencing on the May 14, 2020.
F5 Stock option granted on April 29, 2020 pursuant to the Stock Plan and will vest 25% annually commencing on April 29, 2021.
F6 Stock option granted on April 28, 2021 pursuant to the Stock Plan and will vest 25% annually commencing on April 28, 2022.