Judith S. Schrecker - Jul 28, 2021 Form 4 Insider Report for ClearSign Technologies Corp (CLIR)

Role: Director
Signature: /s/ Judith S. Schrecker
Stock symbol: CLIR
Transactions as of: Jul 28, 2021
Transactions value $: $0
Form type: 4
Date filed: 7/30/2021, 05:33 PM
Next filing: Aug 26, 2021

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	CLIR	Options to Purchase Common Stock	Award	$0	+17K		$0.00	17K	Jul 28, 2021	Common Stock	17K	$4.15	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On July 28, 2021, the Issuer's board of directors approved compensation to be paid to the reporting person for her services provided to the Issuer as a non-executive director for the fiscal quarter ended March 31, 2021. As compensation for her services, the reporting person was awarded options for shares of common stock having an exercise price of $4.15. The options are fully vested as of the date of grant. The total numbers of option shares awarded was based on the services provided by the director. These services include Board participation, committee participation, committee chair responsibilities and lead director responsibilities, if any. The award was recommended to the Issuer's board of directors by its compensation committee and issued from the Issuer's 2021 Equity Incentive Plan.

Content

On July 28, 2021, the Issuer's board of directors approved compensation to be paid to the reporting person for her services provided to the Issuer as a non-executive director for the fiscal quarter ended March 31, 2021. As compensation for her services, the reporting person was awarded options for shares of common stock having an exercise price of $4.15. The options are fully vested as of the date of grant. The total numbers of option shares awarded was based on the services provided by the director. These services include Board participation, committee participation, committee chair responsibilities and lead director responsibilities, if any. The award was recommended to the Issuer's board of directors by its compensation committee and issued from the Issuer's 2021 Equity Incentive Plan.