Joseph Bergera - Dec 2, 2022 Form 4 Insider Report for ITERIS, INC. (ITI)

Role
President and CEO, Director
Signature
/s/ Donald R. Reynolds, Attorney-in-Fact for Joseph Bergera
Stock symbol
ITI
Transactions as of
Dec 2, 2022
Transactions value $
$0
Form type
4
Date filed
12/6/2022, 03:24 PM
Previous filing
Nov 17, 2022
Next filing
Jul 6, 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 ITI Restricted Stock Units Award $0 +39.7K $0.00 39.7K Dec 2, 2022 Common Stock 39.7K Direct F1, F2, F3
transaction ITI Stock Option (Right to Buy) Award $0 +137K $0.00 137K Dec 2, 2022 Common Stock 137K $3.13 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock upon the vesting date.
F2 The RSUs vesting schedule is as follows: 50% after two years measured from the grant date and the last 50% after three years measured from the grant date.
F3 The expiration date will be three years measured from the grant date.
F4 The stock option becomes exercisable in a series of four (4) successive equal annual installments (i.e. one-fourth of the shares each year) upon optionee's completion of each year of service over the four (4) year period measured from the grant date.