Dennis J. Martin - 14 May 2021 Form 4 Insider Report for FEDERAL SIGNAL CORP /DE/ (FSS)

Role: Director
Signature: Daniel A. DuPre, attorney-in-fact for Dennis J. Martin
Issuer symbol: FSS
Transactions as of: 14 May 2021
Net transactions value: -$2,213,426
Form type: 4
Filing time: 18 May 2021, 11:58:07 UTC
Next filing: 10 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FSS	Common Stock	Options Exercise	$1,213,330	+144,444	+37%	$8.40	531,189	14 May 2021	Direct	F1
transaction	FSS	Common Stock	Tax liability	$3,426,755	-79,915	-15%	$42.88	451,274	14 May 2021	Direct	F2

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	FSS	Stock Option (right-to-buy)	Options Exercise	$0	+144,444		$0.000000^*	0	14 May 2021	Common Stock	144,444	$8.40	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Some shares are subject to restrictions and forfeiture under Company Stock Benefit Plan.
F2	This amount represents the total amount of shares withheld to cover payment of the exercise price and applicable tax withholding.
F3	The option was granted on 05/09/2013 and vested in three equal annual installments. The option became fully vested and exercisable as of 05/09/2016.