CAO Constantine J. Kardaras - 14 Dec 2021 Form 4 Insider Report for Celsion CORP (IMNN)

Role: Chief Accounting Officer
Signature: /s/ Timothy J Tumminello
Issuer symbol: IMNN
Transactions as of: 14 Dec 2021
Net transactions value: +$22,050
Form type: 4
Filing time: 16 Dec 2021, 15:42:47 UTC
Next filing: 07 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IMNN	Celsion Corporation Common Stock	Award	$0	+10,000		$0.000000	10,000	14 Dec 2021	Direct	F1

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	IMNN	Option to Purchase Celsion Corporation Common Stock	Award	$22,050	+35,000		$0.6300	35,000	14 Dec 2021	Celsion Corporation Common Stock	35,000	$0.6300	Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	Stock grant award which will vest on the first anniversary of hire date (December 6, 2022). Fair value of the stock award is $0.63 per share based on the closing price of Celsion Common Stock the award date.
F2	The options vest as follows: 1/3 on the one year anniversary of the date of grant; 1/3 on the second year anniversary of the date of grant; and 1/3 on the third year anniversary of the date of grant.
F3	Represents the per share fair value of the common stock based on the closing price of a share of Celsion Common Stock on the date of the award.