Salesh Balak - 01 Jan 2023 Form 4 Insider Report for UNIVERSAL BIOSENSORS INC

Role: Chief Financial Officer
Signature: /s/ Salesh Balak
Issuer symbol: N/A
Transactions as of: 01 Jan 2023
Net transactions value: $0
Form type: 4
Filing time: 03 Jan 2023, 15:45:43 UTC
Previous filing: 27 May 2022
Next filing: 27 Apr 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	UBI	Common Stock	Award	$0	+50,000	+15%	$0.000000	388,558	01 Jan 2023	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	UBI	Performance Rights						500,000	01 Jan 2023	Common Stock	500,000		Direct	F5
holding	UBI	Performance Rights						250,000	01 Jan 2023	Common Stock	250,000		Direct	F6
holding	UBI	Stock Option (Right to Buy)						500,000	01 Jan 2023	Common Stock	500,000	$0.3000	Direct	F1, F2
holding	UBI	Stock Option (Right to Buy)						721,000	01 Jan 2023	Common Stock	721,000	$0.5000	Direct	F1, F3
holding	UBI	Stock Option (Right to Buy)						216,300	01 Jan 2023	Common Stock	216,300	$0.5000	Direct	F1, F4

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

Explanation of Responses:

Id	Content
F1	The price reported is stated in Australian dollars.
F2	The options are fully vested and became exercisable on 03/01/2021.
F3	206,000 of the stock options vested and became exercisable on 10/05/2016, 412,000 of the stock options vested and became exercisable on 12/31/2016 and 103,000 of the stock options vested and became exercisable on 02/23/2017.
F4	216,300 stock options vested and became exercisable on 12/31/2017.
F5	Each performance right represents a contingent right to receive one share of common stock of Universal Biosensors, Inc. ("UBI"). The performance rights vest upon, among other triggers, UBI's market capitalization having achieved a specified threshold.
F6	Each performance right represents a contingent right to receive one share of common stock of UBI. The performance rights vest upon a change of control transaction with a value greater a specified threshold.