James R. Meyer - 11 May 2022 Form 4 Insider Report for FreightCar America, Inc. (RAIL)

Role: President and CEO, Director
Signature: /s/ Emily Varges, as attorney in fact
Issuer symbol: RAIL
Transactions as of: 11 May 2022
Net transactions value: +$91,000
Form type: 4
Filing time: 13 May 2022, 19:03:29 UTC
Previous filing: 19 Jan 2022
Next filing: 10 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RAIL	Common Stock	Purchase	$91,000	+25,000	+6.1%	$3.64	433,101	11 May 2022	Direct	F1

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	RAIL	Employee Restricted Stock Unit						42,815	11 May 2022	Common Stock	42,815	$0.000000	Direct	F2
holding	RAIL	Employee Stock Appreciation Right						332,005	11 May 2022	Common Stock	332,005	$1.66	Direct	F3
holding	RAIL	Employee Stock Option						72,959	11 May 2022	Common Stock	72,959	$7.41	Direct	F4
holding	RAIL	Employee Stock Option						33,025	11 May 2022	Common Stock	33,025	$16.66	Direct	F5
holding	RAIL	Employee Stock Option						350,000	11 May 2022	Common Stock	350,000	$16.44	Direct	F6
holding	RAIL	Employee Stock Option						161,402	11 May 2022	Common Stock	161,402	$3.82	Direct	F7
holding	RAIL	Employee Stock Option						113,276	11 May 2022	Common Stock	113,276	$3.81	Direct	F8
holding	RAIL	Employee Stock Option						750,000	11 May 2022	Common Stock	750,000	$2.38	Direct	F9

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This transaction was executed in multiple trades at prices ranging from $3.50 to $3.725. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F2	On January 30, 2020, the recipient was granted 42,815 cash-settled restricted stock units which will vest on January 30, 2023.
F3	On January 24, 2020 the recipient was granted 332,005 cash-settled stock appreciation rights. 222,444 cash-settled stock appreciation rights are fully vested and currently exercisable and 109,561 cash-settled stock appreciation rights will vest on January 24, 2023.
F4	On January 14, 2019, the recipient was granted 72,959 options which are fully vested and currently exercisable.
F5	On January 12, 2018, the recipient was granted 33,025 options which are fully vested and currently exercisable.
F6	On July 31, 2017, the recipient was granted 350,000 options. The options vest and become exercisable based on a trailing 90-consecutive calendar day average closing price of one share of the Issuer's common stock (the "Stock Price") in the following proportions, provided the option holder remains continuously employed by the Issuer until the applicable vesting date: 34% of the shares subject to the option vest on the date the Stock Price is equal to or greater than $5.00 per share above the exercise price, an additional 33% of the shares subject to the option vest on the date the Stock Price is equal to or greater than $10.00 per share above the exercise price and the final 33% of the shares subject to the option vest on the date the Stock Price is equal to or greater than $15.00 per share above the exercise price.
F7	On January 17, 2022, the recipient was granted 161,402 options which will vest in three equal annual installments beginning on January 17, 2023.
F8	On January 28, 2021, the recipient was granted 113,276 options 38,514 options are fully vested and currently exercisable, 37,881 options will vest on January 28. 2023 and 37,381 options will vest on January 28, 2024.
F9	On January 5, 2021 the recipient was granted 750,000 cash-settled stock appreciation rights. 255,000 cash-settled stock appreciation rights are fully vested and currently exercisable, 247,500 cash-settled stock appreciations rights will vest on January 5, 2023 and 247,500 cash-settled stock appreciation rights will vest on January 5, 2024.