Robert A. Panora - 11 Mar 2022 Form 3/A - Amendment Insider Report for TECOGEN INC. (TGEN)

Role
COO and President
Signature
/s/ Robert A. Panora
Issuer symbol
TGEN
Transactions as of
11 Mar 2022
Net transactions value
$0
Form type
3/A - Amendment
Filing time
06 May 2022, 16:53:13 UTC
Date Of Original Report
11 Mar 2022
Previous filing
11 Mar 2022
Next filing
14 Jul 2025
SEC
View on sec.gov

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 TGEN Stock Option (Right to Buy) 11 Mar 2022 Common Stock 12,723 $0.7900 Direct F1
holding TGEN Stock Option (Right to Buy) 11 Mar 2022 Common Stock 200,000 $0.7100 Direct F2
holding TGEN Stock Option (Right to Buy) 11 Mar 2022 Common Stock 52,500 $1.10 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Converted from options to acquire shares of American DG Energy Inc.; vested in connection with merger of American DG Energy Inc. with a subsidiary of Tecogen Inc.
F2 Vests 50% upon achievement of Adjusted EBITDA goal in two consecutive quarters, and 50% upon achievement of Adjusted EBITDA goal in four consecutive quarters
F3 Vests 50% per year