Salesh Balak - 20 Apr 2023 Form 4 Insider Report for UNIVERSAL BIOSENSORS INC

Role: Chief Financial Officer
Signature: /s/ Salesh Balak
Issuer symbol: N/A
Transactions as of: 20 Apr 2023
Net transactions value: $0
Form type: 4
Filing time: 27 Apr 2023, 18:54:44 UTC
Previous filing: 03 Jan 2023
Next filing: 28 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	UBI	Common Stock						388,558	20 Apr 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
transaction	UBI	Stock Option (Right to Buy)	Other	$0	-721,000	-100%	$0.000000^*	0	20 Apr 2023	Common Stock	721,000	$0.5000	Direct	F1, F3
holding	UBI	Performance Rights						500,000	20 Apr 2023	Common Stock	500,000		Direct	F5
holding	UBI	Performance Rights						250,000	20 Apr 2023	Common Stock	250,000		Direct	F6
holding	UBI	Stock Option (Right to Buy)						500,000	20 Apr 2023	Common Stock	500,000	$0.3000	Direct	F1, F2
holding	UBI	Stock Option (Right to Buy)						216,300	20 Apr 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	These options expired on April 20, 2023.
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.