Wendy Diddell - 06 Jan 2022 Form 4 Insider Report for RICHARDSON ELECTRONICS LTD/DE (RELL)

Role
COO, Director
Signature
/s/ Wendy S. Diddell
Issuer symbol
RELL
Transactions as of
06 Jan 2022
Net transactions value
-$165,899
Form type
4
Filing time
10 Jan 2022, 11:48:40 UTC
Previous filing
28 Dec 2021
Next filing
20 Jul 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RELL Common Stock Options Exercise $136,991 +11,639 +13% $11.77 101,077 06 Jan 2022 Direct F1
transaction RELL Common Stock Options Exercise $133,680 +12,000 +12% $11.14 113,077 06 Jan 2022 Direct F1
transaction RELL Common Stock Sale $346,368 -23,639 -21% $14.65 89,438 06 Jan 2022 Direct F1, F2
transaction RELL Common Stock Options Exercise $157,259 +13,361 +15% $11.77 102,799 07 Jan 2022 Direct F1
transaction RELL Common Stock Options Exercise $144,820 +13,000 +13% $11.14 115,799 07 Jan 2022 Direct F1
transaction RELL Common Stock Sale $392,281 -26,361 -23% $14.88 89,438 07 Jan 2022 Direct F1, F3

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 -11,639 -47% $0.000000 13,361 06 Jan 2022 Common Stock 11,639 $11.77 Direct F4
transaction RELL Employee Stock Option (Right to Buy) Options Exercise $0 -12,000 -48% $0.000000 13,000 06 Jan 2022 Common Stock 12,000 $11.14 Direct F5
transaction RELL Employee Stock Option (Right to Buy) Options Exercise $0 -13,361 -100% $0.000000* 0 07 Jan 2022 Common Stock 13,361 $11.77 Direct F4
transaction RELL Employee Stock Option (Right to Buy) Options Exercise $0 -13,000 -100% $0.000000* 0 07 Jan 2022 Common Stock 13,000 $11.14 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These transactions were effected pursuant to a trading plan previously adopted by the reporting person in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934 (the "10b5-1 Plan"). Accordingly, the reporting person had no discretion with regard to the timing of the transaction.
F2 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $14.50 to $14.99 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 The reported price in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $14.50 to $15.30 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.
F4 Options vest 20% per year, beginning 10/9/2013
F5 Options vest 20% per year, beginning 10/8/2014