Richard Roedel - Jul 1, 2021 Form 4 Insider Report for LUNA INNOVATIONS INC (LUNA)

Role: Director
Signature: /s/ Scott A. Graeff, Attorney-In-Fact
Stock symbol: LUNA
Transactions as of: Jul 1, 2021
Transactions value $: $20,375
Form type: 4
Date filed: 7/2/2021, 04:52 PM
Previous filing: Jul 1, 2021
Next filing: Jul 13, 2021

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	LUNA	Stock Units	Award	$15.6K	+1.44K	+2.3%	$10.85	64K	Jul 1, 2021	Common Stock	1.44K		Direct	F1, F2, F3
transaction	LUNA	Stock Units	Award	$2.75K	+253	+0.4%	$10.85	64.3K	Jul 1, 2021	Common Stock	253		Direct	F1, F3, F4
transaction	LUNA	Stock Units	Award	$1K	+92.2	+0.14%	$10.85	64.3K	Jul 1, 2021	Common Stock	92.2		Direct	F1, F3, F5
transaction	LUNA	Stock Units	Award	$1K	+92.2	+0.14%	$10.85	64.4K	Jul 1, 2021	Common Stock	92.2		Direct	F1, F3, F6
holding	LUNA	Stock Units						232K	Jul 1, 2021	Common Stock	232K		By Spouse	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Stock units are convertible into issuer's common stock on a 1-for-1 basis.
F2	The grant was made pursuant to issuer's non-employee director compensation policy, as compensation for Mr. Roedel's service as chairman of the board of directors for the period from July 1, 2021 to September 30, 2021. The number of restricted stock units is equal to $15,625.00 divided by $10.85, the closing price of issuer's common stock on the Nasdaq Capital Market on July 1, 2021, the first trading day of the quarter. The Reporting Person elected to receive fees in stock units.
F3	The stock units become issuable in common stock of the issuer at the election of the Reporting Person upon the earliest to occur of the Reporting Period's termination of service, a change in control of the issuer, an unforeseeable emergency, or a fixed date selected by the Reporting Person. The units have no expiration date.
F4	This grant was made pursuant to the issuer's non-employee director compensation policy, as compensation for Mr. Roedel's service as the chairman of the risk committee of the board of directors for the period from July 1, 2021 to September 30, 2021. The number of restricted stock units is equal to $2,750.00 divided by $10.85, the closing price of issuer's common stock on the Nasdaq Capital Market on July 1, 2021, the first day of the quarter. The Reporting Person elected to receive fees in stock units.
F5	This grant was made pursuant to issuer's non-employee director compensation policy, as compensation for Mr. Roedel's service on the nominating and governance committee of the board of directors for the period from July 1, 2021 to September 30, 2021. The number of restricted stock units is equal to $1,000.00 divided by $10.85, the closing price of issuer's common stock on the Nasdaq Capital Market on July 1, 2021, the first day of the quarter. The Reporting Person elected to receive fees in stock units.
F6	This grant was made pursuant to issuer's non-employee director compensation policy, as compensation for Mr. Roedel's service on the compensation committee of the board of directors for the period from July 1, 2021 to September 30, 2021. The number of restricted stock units is equal to $1,000.00 divided by $10.85, the closing price of issuer's common stock on the Nasdaq Capital Market on July 1, 2021, the first day of the quarter. The Reporting Person elected to receive fees in stock units.