Judith S. Schrecker - 24 Aug 2021 Form 4 Insider Report for ClearSign Technologies Corp (CLIR)

Role
Director
Signature
/s/ Judith S. Schrecker
Issuer symbol
CLIR
Transactions as of
24 Aug 2021
Net transactions value
$0
Form type
4
Filing time
26 Aug 2021, 16:45:48 UTC
Previous filing
30 Jul 2021
Next filing
18 Nov 2021
SEC
View on sec.gov

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 +7,715 $0.000000 7,715 24 Aug 2021 Common Stock 7,715 Direct F1, F2
transaction CLIR Restricted Stock Units Award $0 +7,715 $0.000000 7,715 24 Aug 2021 Common Stock 7,715 Direct F2, F3
holding CLIR Options to Purchase Common Stock 17,000 24 Aug 2021 Common Stock 17,000 $4.15 Direct
* 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.