William Gray Stream - 13 Jun 2022 Form 4 Insider Report for CKX LANDS, INC. (CKX)

Role: President, Director
Signature: /s/ William Gray Stream
Issuer symbol: CKX
Transactions as of: 13 Jun 2022
Net transactions value: $0
Form type: 4
Filing time: 15 Jun 2022, 19:09:13 UTC
Previous filing: 16 Jun 2021
Next filing: 21 Jun 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CKX	Common Stock	Award	$0	+38,378	+399%	$0.000000	48,000	13 Jun 2022	Direct	F1
transaction	CKX	Common Stock	Options Exercise	$0	+15,792	+33%	$0.000000	63,792	13 Jun 2022	Direct
holding	CKX	Common Stock						34,000	13 Jun 2022	By Stream Family Limited Partnership	F2
holding	CKX	Common Stock						15,037	13 Jun 2022	Sierra Pelican, L.L.C.	F2
holding	CKX	Common Stock						7,844	13 Jun 2022	Stream Investment Holdings II, L.L.C.	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	CKX	Performance Shares	Award	$0	+140,124		$0.000000	140,124	13 Jun 2022	Common Stock	140,124		Direct	F3
transaction	CKX	Performance Shares	Options Exercise	$0	-15,792	-11%	$0.000000	124,332	13 Jun 2022	Common Stock	15,792		Direct	F4

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

Explanation of Responses:

Id	Content
F1	The reported transaction was the grant of restricted stock units (RSUs) that are payable solely in shares of the Issuer's common stock. The RSUs will vest incrementally on July 15, 2022, 2023 and 2024 if the Reporting Person remains employed by the Issuer on those dates.
F2	The Reporting Person disclaims ownership of the reported securities owned by Stream Family Limited Partnership, Sierra Pelican, L.L.C., and Stream Investment Holdings II, L.L.C., except to the extent of his pecuniary interest therein.
F3	Each performance share represents a contingent right to receive one share of the Issuer's common stock. Various percentages of the performance share award vest if the closing price of the Issuer's common stock equals or exceeds, for at least ten consecutive trading days during the performance period, prices of $12, $13, $14, $14.50 and $15 per share. The performance period is July 15, 2020 to July 15, 2024.
F4	The Issuer's common stock met the $12 trading price target on May 19, 2021. Accordingly, 11.27% of the award was vested at the time it was granted.