Joseph J. Bergera - Nov 16, 2023 Form 4 Insider Report for ITERIS, INC. (ITI)

Signature
/s/ Donald R. Reynolds, Attorney-in-Fact for Joseph Bergera
Stock symbol
ITI
Transactions as of
Nov 16, 2023
Transactions value $
$0
Form type
4
Date filed
11/20/2023, 04:01 PM
Previous filing
Jul 6, 2023
Next filing
Mar 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ITI Common Stock Options Exercise $0 +19.2K +13.02% $0.00 167K Nov 16, 2023 Direct F1
transaction ITI Common Stock Options Exercise $0 +12.5K +7.47% $0.00 179K Nov 18, 2023 Direct F1

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 Options Exercise $0 -19.2K -100% $0.00* 0 Nov 16, 2023 Common Stock 19.2K Direct F2, F3, F4
transaction ITI Restricted Stock Units Options Exercise $0 -12.5K -50% $0.00 12.5K Nov 18, 2023 Common Stock 12.5K Direct F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares become payable upon events established by the reporting person in accordance with the Iteris, Inc. Non-Qualified Deferred Compensation Plan.
F2 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of common stock upon the vesting date.
F3 The RSUs were granted on November 16, 2020. 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 RSUs were granted on November 18, 2021. The RSU vesting schedule is as follows: 50% after two years measured from the date of grant and the last 50% after three years measured from the date of grant.