Sean L. Doherty - Oct 31, 2021 Form 5 Insider Report for PASSUR Aerospace, Inc. (pssr)

Role
Exec. VP Finance & Admin
Signature
/s/ Sean L Doherty
Stock symbol
pssr
Transactions as of
Oct 31, 2021
Transactions value $
$25,200
Form type
5
Date filed
12/15/2021, 02:19 PM

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 pssr Restricted Stock Units Award $25.2K +40K $0.63 40K Oct 22, 2021 Common Stock 40K Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 22, 2021, the issuer granted to the reporting person an award of restricted stock units pursuant to the issuer's 2019 Stock Incentive Plan, as amended.
F2 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's Common Stock.
F3 The restricted stock unit award will vest in equal installments over a three-year period (provided that the reporting person continues to provide services to the issuer on the applicable vesting date), with the first installment vesting on October 22, 2022, and the remaining two installments vesting on October 22, 2023 and October 22, 2024.
F4 Fair market value of security at time of grant