Kenneth A. May - 07 Mar 2023 Form 4/A - Amendment Insider Report for ALLIED MOTION TECHNOLOGIES INC (ALNT)

Role
Chief Technology Officer
Signature
/s/ Michael C. Donlon, Attorney-in-Fact for Kenneth A. May
Issuer symbol
ALNT
Transactions as of
07 Mar 2023
Net transactions value
+$83,730
Form type
4/A - Amendment
Filing time
31 Mar 2023, 16:56:50 UTC
Date Of Original Report
09 Mar 2023
Previous filing
06 Sep 2022
Next filing
04 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AMOT Common Stock Award $41,865 +970 +9.5% $43.16 11,171 07 Mar 2023 Direct F1, F3
transaction AMOT Common Stock Award $41,865 +970 +8.7% $43.16 12,141 07 Mar 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 693 time-based and 693 performance-based restricted shares were granted when 970 time-based and 970 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 554 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.