Robert J. Ben - Oct 28, 2021 Form 4 Insider Report for RICHARDSON ELECTRONICS LTD/DE (RELL)

Role
CFO, CAO, Corporate Secretary
Signature
/s/ Robert J. Ben
Stock symbol
RELL
Transactions as of
Oct 28, 2021
Transactions value $
-$16,658
Form type
4
Date filed
11/1/2021, 12:05 PM
Previous filing
Aug 20, 2021
Next filing
Nov 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RELL Common Stock Options Exercise $12.3K +1.78K +4.18% $6.90 44.4K Oct 28, 2021 Direct
transaction RELL Common Stock Sale -$19.7K -1.78K -4.01% $11.07 42.7K Oct 28, 2021 Direct F1
transaction RELL Common Stock Options Exercise $15.3K +2.22K +5.2% $6.90 44.9K Oct 29, 2021 Direct
transaction RELL Common Stock Sale -$24.5K -2.22K -4.94% $11.06 42.7K Oct 29, 2021 Direct F2

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 RELL Employee Stock Option (Right to Buy) Options Exercise $0 -1.78K -19.8% $0.00 7.22K Oct 28, 2021 Common Stock 1.78K $6.90 Direct F3
transaction RELL Employee Stock Option (Right to Buy) Options Exercise $0 -2.22K -30.73% $0.00 5K Oct 29, 2021 Common Stock 2.22K $6.90 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $11.06 to $11.08 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $11.05 to $11.07 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 Option vests 20% per year, beginning 10/03/2017