Jeremiah Ray Young - Jul 9, 2024 Form 4 Insider Report for SCI Engineered Materials, Inc. (SCIA.OB)

Role
PRESIDENT and CEO
Signature
/s/ Gerald S Blaskie
Stock symbol
SCIA.OB
Transactions as of
Jul 9, 2024
Transactions value $
-$5,145
Form type
4
Date filed
7/9/2024, 12:14 PM
Previous filing
Feb 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SCIA.OB Common stock, without par value Options Exercise $5.15K +4.12K +9.68% $1.25* 46.7K Jul 9, 2024 Direct F3
transaction SCIA.OB Common stock, without par value Tax liability -$5.15K -878 -1.88% $5.86 45.8K Jul 9, 2024 Direct F1, F3

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 SCIA.OB Stock option - Right to Buy Options Exercise -$5.15K -4.12K -100% $1.25* 0 Jul 9, 2024 Common Stock, without par value 4.12K $1.25 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects 878 shares withheld by the Issuer at the market price of $5.86 per share less an exercise price of $1.25 per share to fund the cashless exercise of 4,120 options.
F2 Stock options under the Issuer's 2011 Stock Option Plan. The option shares are fully vested.
F3 The transactions reported above in Table I reflect the cashless exercise of stock options. The cashless exercise for the options is reported in two lines. The lines coded M in column 3 of Table I report in column 4 the number of shares issuable upon exercise of the options had cash been paid to exercise the options, together with the exercise price with Code A for acquired. The lines coded F in column 3 of Table I relates to the same cashless exercise on the preceding line and reports in Column 4 the number of shares deducted from the total number of shares issuable to pay for the cashless exercise of such options with Code D for disposed.
F4 Where the number of shares deducted for cashless exercise is a fraction, the number has been rounded to the nearest whole number of shares. The number of shares on a net basis actually owned by the Reporting Person after the cashless exercise of each option is the amount by which the first line for each cashless exercise exceeds the second line for the same cashless exercise. All transactions are exempt from Section 16(b) by reason of Rule 16b-3. The transactions reported in Table II above, reflect the disposition of the same stock options whose cashless exercise is disclosed in Table I above.