Robert A. Eckel - Sep 19, 2021 Form 4 Insider Report for AWARE INC /MA/ (AWRE)

Role
CEO & President, Director
Signature
/s/ Robert A. Eckel
Stock symbol
AWRE
Transactions as of
Sep 19, 2021
Transactions value $
$0
Form type
4
Date filed
9/29/2021, 04:47 PM
Previous filing
May 17, 2021
Next filing
May 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AWRE Common Stock Options Exercise $0 +20K +12.97% $0.00 174K Sep 19, 2021 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
holding AWRE Unrestricted Stock Award 40K Sep 19, 2021 Common Stock 40K $0.00 Direct F1
holding AWRE Stock Option (right to buy) 1.25M Sep 19, 2021 Common Stock 1.25M $4.73 Direct F2
holding AWRE Stock Option (right to buy) 50K Sep 19, 2021 Common Stock 50K $4.50 Direct F3
holding AWRE Stock Option (right to buy) 50K Sep 19, 2021 Common Stock 50K $5.50 Direct F3
holding AWRE Stock Option (right to buy) 50K Sep 19, 2021 Common Stock 50K $6.50 Direct F3
holding AWRE Stock Option (right to buy) 50K Sep 19, 2021 Common Stock 50K $7.50 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Unrestricted stock award awarded to reporting person under Aware, Inc. 2001 Nonqualified Stock Plan. The unrestricted stock award will vest and unrestricted shares of Aware, Inc. common stock will be issued to the reporting person as follows: 20,000 shares on September 19, 2022 and 20,000 shares on September 19, 2023, provided the reporting person is serving as a director, officer or employee of the Company or any subsidiary of the Company on said dates.
F2 Fifty percent of the option will vest on February 24, 2023, with the remainder vesting in 24 equal monthly installments starting on March 24, 2023.
F3 Vests in 16 equal quarterly installments on the last day of each quarter from December 19, 2019 through September 19, 2023.