Todd Kreter - Jul 3, 2023 Form 4 Insider Report for ITERIS, INC. (ITI)

Signature
/s/ Donald R. Reynolds, by Power of Attorney
Stock symbol
ITI
Transactions as of
Jul 3, 2023
Transactions value $
$0
Form type
4
Date filed
7/6/2023, 04:55 PM
Previous filing
Dec 6, 2022
Next filing
Nov 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ITI Common Stock Award $0 +7.16K +8.18% $0.00 94.6K Jul 3, 2023 Direct F1
holding ITI Common Stock 308 Jul 3, 2023 IRA

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 +9.49K $0.00 9.49K Jul 3, 2023 Common Stock 9.49K Direct F2, F3, F4
transaction ITI Stock Option (Right to Buy) Award $0 +33.2K $0.00 33.2K Jul 3, 2023 Common Stock 33.2K $4.06 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the vesting of performance stock units ("PSU") previously granted to the Reporting Person, the Reporting Person received 7,159 shares of common stock.
F2 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock upon the vesting date.
F3 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.
F4 The expiration date will be three years measured from the grant date.
F5 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.