Susanne Meline - Aug 24, 2021 Form 4 Insider Report for ClearSign Technologies Corp (CLIR)

Role
Director
Signature
/s/ Susanne Meline
Stock symbol
CLIR
Transactions as of
Aug 24, 2021
Transactions value $
$0
Form type
4
Date filed
8/26/2021, 04:36 PM
Previous filing
Jun 8, 2021
Next filing
Nov 18, 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 Restricted Stock Units Award $0 +8.02K $0.00 8.02K Aug 24, 2021 Common Stock 8.02K Direct F1, F2
transaction CLIR Restricted Stock Units Award $0 +8.02K $0.00 8.02K Aug 24, 2021 Common Stock 8.02K Direct F2, F3
holding CLIR Option to Purchase Common Stock 22.8K Aug 24, 2021 Common Stock 22.8K $3.97 Direct
holding CLIR Option to Purchase Common Stock 22.8K Aug 24, 2021 Common Stock 22.8K $2.38 Direct
holding CLIR Option to Purchase Common Stock 22.8K Aug 24, 2021 Common Stock 22.8K $2.30 Direct
holding CLIR Option to Purchase Common Stock 22.8K Aug 24, 2021 Common Stock 22.8K $0.49 Direct
holding CLIR Option to Purchase Common Stock 22.8K Aug 24, 2021 Common Stock 22.8K $0.72 Direct
holding CLIR Option to Purchase Common Stock 91K Aug 24, 2021 Common Stock 91K $1.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As compensation for services as a non-executive director during the quarter ended June 30, 2021, the reporting person was granted restricted stock units ("RSUs") under the ClearSign Technologies Corporation 2021 Equity Incentive Plan and each RSU represents a right to receive one share of common stock or the cash equivalent thereof.
F2 The RSUs will vest upon the first to occur of: (1) a Change in Control (as defined in the applicable RSU award agreement), (2) the reporting person's Disability (as defined in the applicable RSU award agreement); (3) the reporting peron's death; or (4) the reporting person's separation from service.
F3 As compensation for services as a non-executive director during the quarter ending September 30, 2021, the reporting person was granted RSUs under the ClearSign Technologies Corporation 2021 Equity Incentive Plan and each RSU represents a right to receive one share of common stock or the cash equivalent thereof.
F4 The right to exercise the option and purchase the option shares vested in equal increments as follows: the right to purchase 22,750 shares vested on May 9, 2019 and the right to purchase the remaining 68,250 shares vested in equal increments on the last day of each calendar quarter during 2019.