Frank Orzechowski - Aug 9, 2022 Form 4 Insider Report for SIGMA LABS, INC. (SASI)

Role
CFO, PFO and PAO
Signature
/s/ Frank Orzechowski
Stock symbol
SASI
Transactions as of
Aug 9, 2022
Transactions value $
$0
Form type
4
Date filed
8/11/2022, 09:00 PM
Previous filing
Jul 6, 2022
Next filing
Jan 30, 2023

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 SASI Stock Option (right to buy) Award $0 +15.9K $0.00 15.9K Aug 9, 2022 Common Stock 15.9K $2.50 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option grant was previously approved by a committee of the Issuer's Board of Directors, subject to stockholder approval of an amendment to the Issuer's equity incentive plan under which the option was granted. The Issuer's stockholders approved the amendment on August 9, 2022.
F2 The stock option vests as follows: (i) 3,981 shares subject to the option vested on the date of grant, and (ii) the remaining 11,943 shares will vest in equal (as nearly as possible) monthly installments over the succeeding 36 months, subject, in each case, to the Reporting Person remaining an employee of the Issuer on the applicable vesting date.