Scott Adams Stepp - Jun 13, 2022 Form 4/A - Amendment Insider Report for CKX LANDS, INC. (CKX)

Role: Chief Financial Officer
Signature: /s/ Scott A. Stepp
Stock symbol: CKX
Transactions as of: Jun 13, 2022
Transactions value $: -$65,672
Form type: 4/A - Amendment
Date filed: 8/9/2023, 11:20 AM
Date Of Original Report: Jun 17, 2022
Previous filing: May 11, 2022
Next filing: Jun 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CKX	Common Stock	Tax liability	-$65.7K	-5.08K	-9.38%	$12.92	49.1K	Jun 13, 2022	Direct	F1

* 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 withholding of shares to satisfy tax withholding obligations upon the vesting of performance shares. The performance shares were granted on June 13, 2022. Various percentages of the 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, certain price targets. The performance period is July 15, 2020 to July 15, 2024. The Issuer's common stock met the $12 price target on May 19, 2021, before the award was granted. Accordingly, 11.27% of the award was vested at the time it was granted and the vested portion was settled on June 17, 2022. The withholding tax due and the number of shares withheld, however, were based on the value of the Issuer's common stock on the vesting date. The transaction date has been reported as the date of grant because the vesting date occurred before the grant.

Content

The reported transaction was the withholding of shares to satisfy tax withholding obligations upon the vesting of performance shares. The performance shares were granted on June 13, 2022. Various percentages of the 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, certain price targets. The performance period is July 15, 2020 to July 15, 2024. The Issuer's common stock met the $12 price target on May 19, 2021, before the award was granted. Accordingly, 11.27% of the award was vested at the time it was granted and the vested portion was settled on June 17, 2022. The withholding tax due and the number of shares withheld, however, were based on the value of the Issuer's common stock on the vesting date. The transaction date has been reported as the date of grant because the vesting date occurred before the grant.

Remarks:

This amended report is filed to add Footnote 1 to the original report and to correct the date of the reported transaction.