David William Bespalko - 11 Mar 2022 Form 4 Insider Report for CHEMBIO DIAGNOSTICS, INC.

Role
Director
Signature
/s/ Mark L. Johnson, Attorney-in-Fact for David William Bespalko
Issuer symbol
N/A
Transactions as of
11 Mar 2022
Net transactions value
$0
Form type
4
Filing time
15 Mar 2022, 21:30:26 UTC
Next filing
01 May 2023
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 CEMI Restricted stock units Award $0 +32,000 $0.000000 32,000 11 Mar 2022 Common stock 32,000 Direct F1, F2
transaction CEMI Nonqualified stock options Award $0 +41,143 $0.000000 41,143 11 Mar 2022 Common stock 41,143 $1.25 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Common Stock.
F2 The restricted stock units are scheduled to vest in full immediately prior to the earlier of (i) the 2023 annual meeting of stockholders of the issuer and (ii) a Change in Control (as defined in the 2019 Omnibus Incentive Plan of the issuer).
F3 The nonqualified stock options are scheduled to vest and become exercisable in full immediately prior to the earlier to occur of (i) the 2023 annual meeting of stockholders of the issuer and (ii) a Change in Control.