Ashish Bendre - Mar 7, 2023 Form 4/A - Amendment Insider Report for ALLIED MOTION TECHNOLOGIES INC (AMOT)

Signature
/s/ Michael C. Donlon, Attorney-in-Fact for Ashish Bendre
Stock symbol
AMOT
Transactions as of
Mar 7, 2023
Transactions value $
$76,997
Form type
4/A - Amendment
Date filed
3/31/2023, 04:56 PM
Date Of Original Report
Mar 9, 2023
Previous filing
Sep 6, 2022
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMOT Common Stock Award $38.5K +892 +1.87% $43.16 48.6K Mar 7, 2023 Direct F1, F3
transaction AMOT Common Stock Award $38.5K +892 +1.84% $43.16 49.5K Mar 7, 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of time-based restricted shares pursuant to the Company's 2017 Omnibus Incentive Plan. These restricted shares vest one-third each on April 1, 2024, 2025 and 2026.
F2 Grant of performance-based restricted shares pursuant to the Company's 2017 Omnibus Incentive Plan. All or a portion of these restricted shares will vest over a three-year period upon the satisfaction of certain performance goals established by the Compensation Committee for the year ending December 31, 2023.
F3 This amended Form 4 is being filed to correct an administrative error which misreported the number of time-based and performance-based restricted shares granted to the Reporting Person. The original Form 4 reported that 669 time-based and 669 performance-based restricted shares were granted when 892 time-based and 892 performance-based restricted shares were granted. As a result of this administrative error, the number of shares beneficially owned by the reporting person following the corrected transactions reflects an increase in the number of shares reported as beneficially owned by the reporting person by 446 shares.

Remarks:

Pursuant to Instruction 9 to Form 4, the Reporting Person has omitted from this amendment to the Form 4 the transaction information with respect to the other shares of the Issuer that were reported in the initial filing of the Form 4 and which are not being amended hereby.