Amir Eilam - Mar 7, 2022 Form 4 Insider Report for ON TRACK INNOVATIONS LTD (OTIVF)

Role
Chief Executive Officer
Signature
/s/ Amir Eilam
Stock symbol
OTIVF
Transactions as of
Mar 7, 2022
Transactions value $
$0
Form type
4
Date filed
3/8/2022, 02:54 PM
Previous filing
Dec 6, 2021
Next filing
Jun 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTIVF Ordinary Shares Award +255K +100% 510K Mar 7, 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon vesting of such ordinary shares, as described in Note 2 below, the Reporting Person shall be required to pay the par value of the shares no longer subject to restriction of NIS 0.1.
F2 The ordinary shares vest as follows: (i) 3,334 shares vested on 12/02/2021; (ii) 31,666 shares will vest in two equal instalments on each of 12/02/2022 and 12/02/2023; and (iii) 475,000 shares will vest in three equal instalments on each of 12/02/2022, 12/02/2023 and 12/02/2024, all subject to the terms and provisions of the Issuer's 2021 equity incentive plan.