GARY SPIEGEL - 11 May 2021 Form 4 Insider Report for LUNA INNOVATIONS INC

Role
Director
Signature
/s/ Scott A. Graeff, Attorney-In-Fact
Issuer symbol
N/A
Transactions as of
11 May 2021
Net transactions value
+$37,495
Form type
4
Filing time
13 May 2021, 16:21:35 UTC
Next filing
12 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LUNA Common Stock Award $37,495 +3,384 +5% $11.08 70,953 11 May 2021 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of restricted stock units that are convertible into issuer's common stock on a 1-for-1 basis.
F2 This grant was awarded in connection with Mr. Spiegel's service as member of the board of directors, pursuant to the issuer's non-employee director compensation policy. The number of restricted stock units awarded is equal to $37,500 divided by $11.08, the closing price of issuer's common stock on the Nasdaq Capital Market on May 11, 2021, the date of grant.
F3 The stock units will vest fully on earlier of the one anniversary of the grant date or the issuer's next annual meeting of stockholders.