Michael C. Zipoy - 28 Aug 2023 Form 4 Insider Report for ELECTRO SENSORS INC (ELSE)

Role
Director
Signature
Suzette McNally, Attorney-in-Fact for Michael C. Zipoy
Issuer symbol
ELSE
Transactions as of
28 Aug 2023
Net transactions value
$0
Form type
4
Filing time
22 Sep 2023, 15:40:56 UTC
Previous filing
18 Jul 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 ELSE Stock Option (Right-to-Buy) Award $0 +25,000 $0.000000 25,000 28 Aug 2023 Common Stock 25,000 $4.25 Direct F1
transaction ELSE Restricted Stock Units Award $0 +17,500 $0.000000 17,500 01 Sep 2023 Common Stock 17,500 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Option vests as to 20% on August 28, 2023 and 20% annually thereafter.
F2 Each restricted stock unit represents a contingent right to receive one share of Electro-Sensors, Inc. common stock.
F3 The restricted stock units vest as to 20% on September 1, 2024 and 20% annually thereafter.