Charles T. Lanktree - Aug 17, 2021 Form 4 Insider Report for BK Technologies Corp (BKTI)

Role
Director
Signature
/s/ Charles T. Lanktree
Stock symbol
BKTI
Transactions as of
Aug 17, 2021
Transactions value $
$0
Form type
4
Date filed
8/24/2021, 03:27 PM
Previous filing
Jul 6, 2021
Next filing
Jul 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BKTI Common Stock, par value $0.60 per share Award $0 +15.5K +38.91% $0.00 55.3K Aug 17, 2021 Direct F1, F2
holding BKTI Common Stock, par value $0.60 per share 7.7K Aug 17, 2021 By Family F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a grant of restricted stock units (RSUs) under the 2017 Incentive Compensation Plan. Each RSU represents a contingent right to receive one share of the Issuer's Common Stock. The RSUs vest in 20% equal annual installments on the first, second, third, fourth and fifth anniversaries of the grant date, subject to the Reporting Person's continued service as a director of the Issuer through such date.
F2 Includes (i) remaining 3,037 RSUs granted on September 6, 2018, under the 2017 Incentive Compensation Plan (not including the 2,026 RSUs that have vested to date), (ii) Remaining 8,311 RSUs granted on September 6, 2019, under the 2017 Incentive Compensation Plan (not including the 2,078 RSUs that have vested to date), and (iii) 13,157 RSUs granted on August 24, 2020, under the 2017 Incentive Compensation Plan. The RSUs vest in 20% equal annual installments on the first, second, third, fourth and fifth anniversaries of the grant date, subject to the Reporting Person's continued service as a director of the Issuer through such date.
F3 The Reporting Person may be deemed to be the beneficial owner of 7,702 shares of Common Stock that are held by the Donna B. Lanktree Family Trust, the trustee of which is Donna B. Lanktree, the spouse of the Reporting Person.