Robert Averick - Mar 2, 2022 Form 4 Insider Report for AMTECH SYSTEMS INC (ASYS)

Role
Director, 10%+ Owner
Signature
/s/ Robert M. Averick
Stock symbol
ASYS
Transactions as of
Mar 2, 2022
Transactions value $
$0
Form type
4
Date filed
3/4/2022, 03:02 PM
Previous filing
Feb 24, 2022
Next filing
May 17, 2022

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 ASYS Director Stock Option (Right to Buy) Award +6K 6K Mar 2, 2022 Common Stock 6K $10.22 Direct F1, F2, F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Averick is a Portfolio Manager at Kokino LLC ("Kokino"), which is a single-family office. Mr. Averick holds an indirect minority interest in shares of the issuer's Common Stock through his minority ownership of one of Kokino's clients, Piton Capital Partners LLC ("Piton") (which ownership may be held directly and indirectly through Piton's managing member, Piton Capital Management LLC ("PCM")).
F2 Also, Mr. Averick's incentive compensation as an employee of Kokino, which is generally calculated in Kokino's discretion, may be based on the performance of shares of the issuer's Common Stock held by Kokino's clients. In addition, the performance of such shares may result in an allocation that increases Mr. Averick's ownership interest in Piton pursuant to Piton's operating agreement. Kokino is the managing member of PCM, and Mr. Averick's and Piton's beneficial ownership of Common Stock is reported in a Schedule 13D filed on January 25, 2016 (as amended most recently on February 24, 2022).
F3 The option vests on March 2, 2023.
F4 Price omitted because the transaction is a grant of a stock option.
F5 This is the number of derivative securities, with the same terms and conditions, following the reported transaction. Total of all derivative securities, including those with different terms and conditions, held following the reported transaction is 42,000.