Douglas L. Groves - 02 Dec 2022 Form 4 Insider Report for ITERIS, INC.

Role
Senior Vice President & CFO
Signature
/s/ Donald R. Reynolds, Attorney-in-Fact for Douglas Groves
Issuer symbol
N/A
Transactions as of
02 Dec 2022
Net transactions value
$0
Form type
4
Filing time
06 Dec 2022, 16:02:14 UTC
Previous filing
17 Nov 2022
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
transaction ITI Restricted Stock Units Award $0 +22,321 $0.000000 22,321 02 Dec 2022 Common Stock 22,321 Direct F1, F2, F3
transaction ITI Stock Option (Right to Buy) Award $0 +77,160 $0.000000 77,160 02 Dec 2022 Common Stock 77,160 $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.