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

Role
President, Director
Signature
/s/ William Gray Stream
Stock symbol
CKX
Transactions as of
Jun 13, 2022
Transactions value $
$0
Form type
4
Date filed
6/15/2022, 07:09 PM
Previous filing
Jun 16, 2021
Next filing
Jun 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CKX Common Stock Award $0 +38.4K +398.86% $0.00 48K Jun 13, 2022 Direct F1
transaction CKX Common Stock Options Exercise $0 +15.8K +32.9% $0.00 63.8K Jun 13, 2022 Direct
holding CKX Common Stock 34K Jun 13, 2022 By Stream Family Limited Partnership F2
holding CKX Common Stock 15K Jun 13, 2022 Sierra Pelican, L.L.C. F2
holding CKX Common Stock 7.84K Jun 13, 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 +140K $0.00 140K Jun 13, 2022 Common Stock 140K Direct F3
transaction CKX Performance Shares Options Exercise $0 -15.8K -11.27% $0.00 124K Jun 13, 2022 Common Stock 15.8K 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.