Gary Spiegel - 24 May 2023 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
24 May 2023
Net transactions value
$0
Form type
4
Filing time
26 May 2023, 16:26:31 UTC
Previous filing
04 Apr 2023
Next filing
05 Jul 2023
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 LUNA Stock Units Award $0 +7,102 +26% $0.000000 34,556 24 May 2023 Common Stock 7,102 Direct F1, F2, 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 This grant was awarded in connection with Mr. Spiegel's service a member of the board of directors, pursuant to the issuer's non-employee director compensation policy. The number of stock units awarded is equal to $63,000 divided by $8.87, the closing price of the issuer's stock on the Nasdaq Capital Market on May 24, 2023, the date of grant.
F3 The stock units vest upon the earlier of the one year anniversary of the grant date or the issuer's annual meeting of stockholders and, subject to vesting, will 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 date selected by the Reporting Person. The stock units have no expiration date.