David Acheson - Mar 11, 2022 Form 4 Insider Report for CHEMBIO DIAGNOSTICS, INC. (CEMI)

Role
Director
Signature
/s/ Mark L. Johnson, Attorney-in-Fact for David Acheson
Stock symbol
CEMI
Transactions as of
Mar 11, 2022
Transactions value $
$0
Form type
4
Date filed
3/15/2022, 09:30 PM
Previous filing
May 1, 2023

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 +32K $0.00 32K Mar 11, 2022 Common stock 32K Direct F1, F2
transaction CEMI Nonqualified stock options Award $0 +41.1K $0.00 41.1K Mar 11, 2022 Common stock 41.1K $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.