William M. Cousins - Jun 2, 2022 Form 3 Insider Report for ITERIS, INC. (ITI)

Role
SVP and Chief Product Officer
Signature
/s/ Donald R. Reynolds, Attorney-in-Fact for William M. Cousins
Stock symbol
ITI
Transactions as of
Jun 2, 2022
Transactions value $
$0
Form type
3
Date filed
6/7/2022, 09:04 PM
Next filing
Dec 6, 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
holding ITI Restricted Stock Units Jun 2, 2022 Common Stock 18.8K $0.00 Direct F1, F2, F3
holding ITI Stock Option (Right to Buy) Jun 2, 2022 Common Stock 62.5K $3.19 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 represents a contingent right to receive one share of common stock upon the vesting date.
F2 The restricted stock units' 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.