Thomas Boone Pickens III - Apr 14, 2022 Form 4 Insider Report for ASTROTECH Corp (ASTC)

Role
CEO, Director
Signature
/s/ Thomas Boone Pickens III
Stock symbol
ASTC
Transactions as of
Apr 14, 2022
Transactions value $
$640,000
Form type
4
Date filed
4/18/2022, 07:03 PM
Next filing
Oct 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASTC Common Stock Award $640K +1M +31.17% $0.64 4.21M Apr 14, 2022 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 ASTC Stock Options Award $0 +776K +1293.33% $0.00 836K Apr 14, 2022 Common Stock 776K $0.64 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 One-fifth of the total number of shares of common stock granted shall vest and become exercisable on each of the first five anniversaries of April 14, 2022, such that 100% of the shares of common stock granted shall be fully vested and exercisable on April 14, 2027, subject to Reporting Person's continuous employment with the Issuer through each such applicable anniversary.
F2 Default vesting is one-third of the total number of Employee Stock Options granted on each of the first three anniversaries of April 14, 2022, such that 100% of the Employee Stock Options granted shall be fully vested and exercisable on April 14, 2025, subject to Employee's continuous employment with the Issuer through each such applicable anniversary.