Barry Phelps - Apr 3, 2023 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
Apr 3, 2023
Transactions value $
$0
Form type
4
Date filed
4/4/2023, 06:39 PM
Previous filing
Jan 4, 2023
Next filing
Apr 13, 2023

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 $0 +1.48K +1.59% $0.00 94.7K Apr 3, 2023 Common Stock 1.48K Direct F1, F2, F3
transaction LUNA Stock Units Award $0 +530 +0.56% $0.00 95.2K Apr 3, 2023 Common Stock 530 Direct F1, F3, F4
transaction LUNA Stock Units Award $0 +177 +0.19% $0.00 95.4K Apr 3, 2023 Common Stock 177 Direct F1, F3, F5
transaction LUNA Stock Units Award $0 +177 +0.19% $0.00 95.6K Apr 3, 2023 Common Stock 177 Direct F1, F3, F6
* 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 This grant was made pursuant to the issuer's non-employee director compensation policy, as compensation for Mr. Phelps's service as a member of the board of directors for the period from April 1, 2023 to June 30, 2023. The number of restricted stock units is equal to $10,500.00 divided by $7.08, the closing price of the issuer's common stock on the Nasdaq Capital Market April 3, 2023, 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 Person's termination of service, a change in control of the issuer, an unforeseeable emergency, or a fixed selected by the Reporting Person. The units have no expiration date.
F4 This grant was made pursuant to issuer's non-employee director compensation policy, as compensation for Mr. Phelps's service as the chairman of the audit committee of the board of directors for the period from April 1, 2023 to June 30, 2023. The number of restricted stock units is equal to $3,750.00 divided by $7.08, the closing price of issuer's common stock on the Nasdaq Capital Market on April 3, 2023, the first trading 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. Phelps's service on the compensation committee of the board of directors for the period from April 1, 2023 to June 30, 2023. The number of restricted stock units is equal to $1,250.00 divided by $7.08, the closing price of issuer's common stock on the Nasdaq Capital Market on April 3, 2023, the first trading 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. Phelps's service on the risk committee of the board of directors for the period from April 1, 2023 to June 30, 2023. The number of restricted stock units is equal to $1,250.00 divided by $7.08, the closing price of issuer's common stock on the Nasdaq Capital Market on April 3, 2023, the first trading day of the quarter. The Reporting Person elected to receive fees in stock units.