Susanne Meline - 01 Apr 2022 Form 4 Insider Report for ClearSign Technologies Corp (CLIR)

Role
Director
Signature
/s/ Susanne Meline
Issuer symbol
CLIR
Transactions as of
01 Apr 2022
Net transactions value
$0
Form type
4
Filing time
04 Apr 2022, 18:29:07 UTC
Previous filing
05 Jan 2022
Next filing
06 Jul 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 +14,090 $0.000000 14,090 01 Apr 2022 Common Stock 14,090 Direct F1, F2
holding CLIR Restricted Stock Units 16,145 01 Apr 2022 Common Stock 16,145 Direct F2, F3
holding CLIR Restricted Stock Units 14,531 01 Apr 2022 Common Stock 14,531 Direct F2, F4
holding CLIR Restricted Stock Units 8,017 01 Apr 2022 Common Stock 8,017 Direct F2, F5
holding CLIR Restricted Stock Units 8,017 01 Apr 2022 Common Stock 8,017 Direct F2, F6
holding CLIR Option to Purchase Common Stock 22,750 01 Apr 2022 Common Stock 22,750 $3.97 Direct
holding CLIR Option to Purchase Common Stock 22,750 01 Apr 2022 Common Stock 22,750 $2.38 Direct
holding CLIR Option to Purchase Common Stock 22,750 01 Apr 2022 Common Stock 22,750 $2.30 Direct
holding CLIR Option to Purchase Common Stock 22,750 01 Apr 2022 Common Stock 22,750 $0.5400 Direct
holding CLIR Option to Purchase Common Stock 22,750 01 Apr 2022 Common Stock 22,750 $0.7200 Direct
holding CLIR Option to Purchase Common Stock 91,000 01 Apr 2022 Common Stock 91,000 $1.00 Direct F7
* 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 June 30, 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 March 31, 2022, 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 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.
F5 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.
F6 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.
F7 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.