John M. Suzuki - Jun 22, 2022 Form 4 Insider Report for BK Technologies Corp (BKTI)

Role: Chief Executive Officer, Director
Signature: /s/ John M. Suzuki
Stock symbol: BKTI
Transactions as of: Jun 22, 2022
Transactions value $: $0
Form type: 4
Date filed: 6/24/2022, 12:12 PM
Previous filing: Jun 13, 2022
Next filing: May 11, 2023

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	BKTI	Stock Option (Right to Buy)	Award	$0	+45K		$0.00	45K	Jun 22, 2022	Common Stock	45K	$2.48	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The option will vest (a) on June 22, 2023, as to that percentage for which the following performance criteria are met: (i) as to 30% of the shares, achievement of employee retention milestones through December 31, 2022; (ii) as to 50% of the shares, achievement of a major transaction milestone by December 31, 2022; and (iii) as to 20% of the shares, achievement of key cash flow indicator goals; or (b) as to any options that do not vest pursuant to subparagraph (a) above, upon a change in control of the Issuer on or before June 22, 2027.

Content

The option will vest (a) on June 22, 2023, as to that percentage for which the following performance criteria are met: (i) as to 30% of the shares, achievement of employee retention milestones through December 31, 2022; (ii) as to 50% of the shares, achievement of a major transaction milestone by December 31, 2022; and (iii) as to 20% of the shares, achievement of key cash flow indicator goals; or (b) as to any options that do not vest pursuant to subparagraph (a) above, upon a change in control of the Issuer on or before June 22, 2027.