Robert J. Ben - 18 Jul 2022 Form 4 Insider Report for RICHARDSON ELECTRONICS, LTD. (RELL)

Role
CFO, CAO, Corporate Secretary
Signature
/s/ Robert J. Ben
Issuer symbol
RELL
Transactions as of
18 Jul 2022
Net transactions value
$0
Form type
4
Filing time
20 Jul 2022, 18:18:08 UTC
Previous filing
12 Jan 2022
Next filing
21 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 Award $0 +7,500 +18% $0.000000 50,162 18 Jul 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
transaction RELL Employee Stock Option (Right to Buy) Award $0 +10,000 $0.000000 10,000 18 Jul 2022 Common Stock 10,000 $15.60 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a restricted stock award under the Richardson Electronics, Ltd. Amended and Restated 2011 Long-Term Incentive Plan, which shall vest ratably over a three year period, beginning on the first anniversary of the date of issuance
F2 The stock option was granted on 07/18/2022 pursuant to the Richardson Electronics, Ltd. Amended and Restated 2011 Long-Term Incentive Plan. The option vests over 5 years with 1/5 of the total number of shares subject to the option vesting on each anniversary of the date of grant, until fully vested