Judith S. Schrecker - 03 Jan 2022 Form 4 Insider Report for ClearSign Technologies Corp (CLIR)

Role
Director
Signature
/s/ Judith S. Schrecker
Issuer symbol
CLIR
Transactions as of
03 Jan 2022
Net transactions value
$0
Form type
4
Filing time
05 Jan 2022, 20:41:12 UTC
Previous filing
18 Nov 2021
Next filing
04 Apr 2022
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 +15,538 $0.000000 15,538 03 Jan 2022 Common Stock 15,538 Direct F1, F2
holding CLIR Restricted Stock Units 13,984 03 Jan 2022 Common Stock 13,984 Direct F2, F3
holding CLIR Restricted Stock Units 7,715 03 Jan 2022 Common Stock 7,715 Direct F2, F4
holding CLIR Restricted Stock Units 7,715 03 Jan 2022 Common Stock 7,715 Direct F2, F5
holding CLIR Options to Purchase Common Stock 17,000 03 Jan 2022 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 ending March 31, 2022, 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 ended December 31, 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 As compensation for services as a non-executive director during the quarter ended 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.
F5 As compensation for services as a non-executive director during the quarter ended June 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.