Robert D. Dawson - Jan 10, 2022 Form 4 Insider Report for R F INDUSTRIES LTD (RFIL)

Role: President and CEO, Director
Signature: /s/ Robert D. Dawson
Stock symbol: RFIL
Transactions as of: Jan 10, 2022
Transactions value $: -$8,300
Form type: 4
Date filed: 1/12/2022, 08:03 PM
Previous filing: Jan 11, 2022
Next filing: Apr 12, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RFIL	Common Stock	Award	$0	+23.3K	+25.9%	$0.00	113K	Jan 10, 2022	Direct	F1
transaction	RFIL	Common Stock	Tax liability	-$8.3K	-1.14K	-1%	$7.30	112K	Jan 12, 2022	Direct

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	RFIL	Stock Option (right to buy)	Award	$0	+46.7K		$0.00	46.7K	Jan 10, 2022	Common Stock	46.7K	$7.11	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Provided the Reporting Person is still employed with the Issuer on the following dates, the shares of restricted stock vest as follows: (i) one-quarter of the restricted shares and options shall vest on January 10, 2023; and (ii) the remaining restricted shares and options shall vest in twelve equal quarterly installments over the next three years, commencing with the first quarter following January 10, 2023.
F2	On January 10, 2022 the Board of Directors of the Issuer granted the Reporting Person options to purchase the common stock of Issuer. Provided the Reporting Person is still employed with the Issuer or its subsidiaries on the following dates, the options shall vest over four years as follows: (i) one-quarter of the options shall vest on January 10, 2023; and (ii) the remaining options shall vest in twelve equal quarterly installments over the next three years, commencing with the first quarter following January 10, 2023.

Content

Provided the Reporting Person is still employed with the Issuer on the following dates, the shares of restricted stock vest as follows: (i) one-quarter of the restricted shares and options shall vest on January 10, 2023; and (ii) the remaining restricted shares and options shall vest in twelve equal quarterly installments over the next three years, commencing with the first quarter following January 10, 2023.

On January 10, 2022 the Board of Directors of the Issuer granted the Reporting Person options to purchase the common stock of Issuer. Provided the Reporting Person is still employed with the Issuer or its subsidiaries on the following dates, the options shall vest over four years as follows: (i) one-quarter of the options shall vest on January 10, 2023; and (ii) the remaining options shall vest in twelve equal quarterly installments over the next three years, commencing with the first quarter following January 10, 2023.