James R. Meyer - Jan 30, 2023 Form 4 Insider Report for FreightCar America, Inc. (RAIL)

Signature
/s/ Celia Perez, as attorney in fact
Stock symbol
RAIL
Transactions as of
Jan 30, 2023
Transactions value $
$0
Form type
4
Date filed
2/1/2023, 08:39 AM
Previous filing
Jan 10, 2023
Next filing
May 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RAIL Common Stock Options Exercise +42.8K +7.58% 608K Jan 30, 2023 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 RAIL Employee Restricted Stock Unit Options Exercise $0 -42.8K -100% $0.00* 0 Jan 30, 2023 Common Stock 42.8K $0.00 Direct F2
holding RAIL Employee Stock Option 189K Jan 30, 2023 Common Stock 189K $3.22 Direct F3
holding RAIL Employee Stock Option 161K Jan 30, 2023 Common Stock 161K $3.82 Direct F4
holding RAIL Employee Stock Option 113K Jan 30, 2023 Common Stock 113K $3.81 Direct F5
holding RAIL Employee Stock Option 750K Jan 30, 2023 Common Stock 750K $2.38 Direct F6
holding RAIL Employee Stock Appreciation Right 332K Jan 30, 2023 Common Stock 332K $1.66 Direct F7
holding RAIL Employee Stock Option 73K Jan 30, 2023 Common Stock 73K $7.41 Direct F8
holding RAIL Employee Stock Option 33K Jan 30, 2023 Common Stock 33K $16.66 Direct F9
holding RAIL Employee Stock Option 350K Jan 30, 2023 Common Stock 350K $16.44 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into shares of common stock on a one for one basis.
F2 On January 30, 2020, the recipient was granted 42,815 cash-settled restricted stock units which vested on January 30, 2023. Effective December 7, 2022, the grant was amended to be settled in shares of common stock instead of cash.
F3 On January 6, 2023, the recipient was granted 188,585 options which will vest in three equal annual installments beginning on January 6, 2024.
F4 On January 17, 2022, the recipient was granted 161,402 options. 54,876 options are fully vested and currently exercisable. 53,263 options will vest on January 17, 2024 and 53,263 options will vest on January 17, 2025.
F5 On January 28, 2021, the recipient was granted 113,276 options. 78,394 options are fully vested and currently exercisable and 37,382 options will vest on January 28, 2024.
F6 On January 5, 2021, the recipient was granted 750,000 cash-settled stock appreciation rights. 502,500 cash-settled stock appreciation rights are fully vested and currently exercisable and 247,500 cash-settled stock appreciation rights will vest on January 5, 2024.
F7 On January 24, 2020 the recipient was granted 332,005 cash-settled stock appreciation rights which are fully vested and currently exercisable.
F8 On January 14, 2019, the recipient was granted 72,959 options which are fully vested and currently exercisable.
F9 On January 12, 2018, the recipient was granted 33,025 options which are fully vested and currently exercisable.
F10 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.