Westervelt T. Ballard JR - Feb 18, 2022 Form 4 Insider Report for Stabilis Solutions, Inc. (SLNG)

Role
President and CEO, Director
Signature
/s/ Andrew Puhala, Attorney-in-Fact for Westervelt T. Ballard, Jr.
Stock symbol
SLNG
Transactions as of
Feb 18, 2022
Transactions value $
$0
Form type
4
Date filed
2/23/2022, 04:02 PM
Previous filing
Aug 25, 2021
Next filing
Aug 25, 2022

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 SLNG Restricted Stock Units Award $0 +23.3K +9.32% $0.00 273K Feb 18, 2022 Common Stock 23.3K Direct F1, F2, F3
transaction SLNG Stock Options Award $0 +1.3M $0.00 1.3M Feb 18, 2022 Common Stock 1.3M $10.00 Direct F4, F5
transaction SLNG Stock Options Award $0 +443K +34.04% $0.00 1.74M Feb 18, 2022 Common Stock 443K $6.00 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Restricted Stock Units ("RSUs") were awarded to the reporting person pursuant to the Stabilis Solutions, Inc. Amended and Restated 2019 Long Term Incentive Plan (the "LTIP"). Each RSU represents the right to receive upon vesting, one share of Stabilis Solutions, Inc. Common Stock.
F2 The RSUs were awarded to the reporting person pursuant to the LTIP and vest ratably in three annual installments beginning one year from the grant date, subject to the terms and conditions of the award agreement.
F3 Unless earlier forfeited under the terms and conditions of the award agreement, the RSUs expire immediately following vesting.
F4 The Stock Options were awarded to the reporting person pursuant to the Stabilis Solutions, Inc. Amended and Restated 2019 Long Term Incentive Plan (the "LTIP"). The options vest as follows: (i) 442,000 options on August 23, 2022, (ii) 429,000 options on August 23, 2023, and (iii) 429,000 options on August 23, 2024, conditioned on Mr. Ballard remaining continuously employed through each vesting date.
F5 Unless earlier forfeited under the terms and conditions of the award agreement, the Stock Options expire 10 years from grant date.
F6 The Stock Options were awarded to the reporting person pursuant to the LTIP and vest ratably in three annual installments beginning one year from the grant date, subject to the terms and conditions of the award agreement.