Robert M. Mungovan - Oct 1, 2021 Form 4 Insider Report for AWARE INC /MA/ (AWRE)

Role
Chief Commercial Officer
Signature
/S/ Robert M. Mumgovan
Stock symbol
AWRE
Transactions as of
Oct 1, 2021
Transactions value $
$0
Form type
4
Date filed
10/6/2021, 04:00 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AWRE Common Stock Options Exercise $0 +10K +7.34% $0.00 146K Oct 1, 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 20K Oct 1, 2021 Common Stock 20K $0.00 Direct F1
holding AWRE Stock Option (right to buy) 280K Oct 1, 2021 Common Stock 280K $4.73 Direct F2
holding AWRE Stock Option (right to buy) 25K Oct 1, 2021 Common Stock 25K $4.50 Direct F3
holding AWRE Stock Option (right to buy) 25K Oct 1, 2021 Common Stock 25K $5.50 Direct F3
holding AWRE Stock Option (right to buy) 25K Oct 1, 2021 Common Stock 25K $6.50 Direct F3
holding AWRE Stock Option (right to buy) 25K Oct 1, 2021 Common Stock 25K $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: 10,000 shares on October 1, 2022 and 10,000 shares on October 1m 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 January 1, 2020 through October 1, 2023.