Joseph P. Macaluso - Mar 29, 2021 Form 4 Insider Report for SilverSun Technologies, Inc. (SSNT)

Role
Chief Financial Officer
Signature
/s/ Joseph P. Macaluso
Stock symbol
SSNT
Transactions as of
Mar 29, 2021
Transactions value $
-$240
Form type
4
Date filed
12/13/2023, 09:56 PM
Next filing
Jun 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SSNT Common Stock Options Exercise $27.5K +2.8K $9.82 2.8K Dec 11, 2023 Direct F1, F3
transaction SSNT Common Stock Options Exercise $45.6K +4.64K +165.57% $9.82 7.44K Dec 11, 2023 Direct F2, F3
transaction SSNT Common Stock Sale -$73.3K -7.44K -100% $9.85 0 Dec 13, 2023 Direct

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 SSNT Stock Option Award $0 +8.37K $0.00 8.37K Mar 29, 2021 Common Stock 8.37K $6.53 Direct F4
transaction SSNT Stock Option Award $0 +11.6K $0.00 11.6K Oct 14, 2021 Common Stock 11.6K $5.90 Direct F4
transaction SSNT Stock Option Options Exercise $0 -8.37K -100% $0.00* 0 Dec 11, 2023 Common Stock 2.8K $6.53 Direct F1, F4
transaction SSNT Stock Option Options Exercise $0 -11.6K -100% $0.00* 0 Dec 11, 2023 Common Stock 4.64K $5.90 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a cashless exercise of outstanding stock options to purchase 8,370 shares of common stock. Mr. Joseph Macaluso received 2,803 shares of common stock and surrendered 5,567 shares of common stock underlying the option in payment of the exercise price. The cashless exercise was based on the market price of $9.82. This price is the average of the closing trading price of the Issuer's common stock on the 5 trading days ending on and including December 8, 2023.
F2 Represents a cashless exercise of outstanding stock options to purchase 11,630 shares of common stock. Mr. Joseph Macaluso received 4,641 shares of common stock and surrendered 6,989 shares of common stock underlying the option in payment of the exercise price. The cashless exercise was based on the market price of $9.82. This price is the average of the closing trading price of the Issuer's common stock on the 5 trading days ending on and including December 8, 2023.
F3 The average of the closing trading price of the Issuer's common stock on the 5 trading days ending on and including December 8, 2023.
F4 Options become exercisable for 50% of the shares on the first anniversary of the grant and 50% of the shares on the second anniversary of the grant date.