Timothy Brog - 28 Dec 2021 Form 4 Insider Report for Rubicon Technology, Inc. (RBCN)

Role
Chief Executive Officer, Director
Signature
/s/ Timothy E. Brog
Issuer symbol
RBCN
Transactions as of
28 Dec 2021
Net transactions value
$0
Form type
4
Filing time
29 Dec 2021, 15:30:09 UTC
Next filing
15 Jul 2022
SEC
View on sec.gov

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 RBCN Restricted Stock Units Award +25,000 25,000 28 Dec 2021 Common Stock 25,000 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.
F2 One half of such units will vest if prior to December 28, 2025, the 15-trading day average closing price of the Company's common stock is greater than or equal to the target prices of $12.00 and $13.00, respectively.
F3 Restricted stock units were granted as part of Mr. Brog's compensation as an employee of the Company.