Gregory D. Trimarche - Dec 21, 2022 Form 3 Insider Report for Bitech Technologies Corp (BTTC)

Role
Director
Signature
/s/ Gregory Daniel Trimarche
Stock symbol
BTTC
Transactions as of
Dec 21, 2022
Transactions value $
$0
Form type
3
Date filed
1/20/2023, 04:17 PM
Next filing
Apr 5, 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
holding BTTC Stock Options Dec 21, 2022 Common Stock 5M $0.07 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Stock Option vests as to 25% of the 5,000,000 Option Shares on each December 21 so long as Mr. Trimarche is providing services to the Company or one of its subsidiaries; provided, however, the vesting is subject to acceleration such that if Mr. Trimarche is terminated from his role without cause (as defined in the Stock Option) the number of shares subject to the Stock Option in the year of termination shall vest plus the number of shares that would have vested in the following year. In the event Mr. Trimarche's service as a member of the Board is terminated with cause, the number of shares subject to the Stock Option in the year of termination shall vest.
F2 One year after termination of the Independent Contractor Agreement entered into between the Company and Mr. Trimarche.