Ray Michael Bibisi - 13 May 2022 Form 3 Insider Report for R F INDUSTRIES LTD (RFIL)

Role: Chief Operating Officer
Signature: /s/ Ray Michael Bibisi
Issuer symbol: RFIL
Transactions as of: 13 May 2022
Net transactions value: $0
Form type: 3
Filing time: 23 May 2022, 19:15:14 UTC
Next filing: 12 Jul 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	RFIL	Common Stock						12,111	13 May 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
holding	RFIL	Stock Option (right to buy)							13 May 2022	Common Stock	50,000	$6.74	Direct	F1
holding	RFIL	Stock Option (right to buy)							13 May 2022	Common Stock	10,000	$6.40	Direct	F2
holding	RFIL	Stock Option (right to buy)							13 May 2022	Common Stock	7,500	$4.98	Direct	F3
holding	RFIL	Stock Option (right to buy)							13 May 2022	Common Stock	8,000	$7.11	Direct	F4

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

Explanation of Responses:

Id	Content
F1	The options vested 10,000 on the date of grant (01/06/2020), and the balance vests as to 10,000 shares per year thereafter on each of the next four anniversaries of the grant date.
F2	The options vest over four years as follows: (i) one-quarter of the options vested on January 9, 2021; and (ii) the remaining options shall vest in twelve equal quarterly installments over the next three years, commencing with the first quarter following January 9, 2021.
F3	The options vest over four years as follows: (i) one-quarter of the options vested on January 12, 2022; and (ii) the remaining options shall vest in twelve equal quarterly installments over the next three years, commencing with the first quarter following January 12, 2022.
F4	The options 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.