David J. Douglas - Aug 11, 2021 Form 4 Insider Report for Deep Down, Inc. (KLNG)

Role
Director
Signature
/s/ David J. Douglas
Stock symbol
KLNG
Transactions as of
Aug 11, 2021
Transactions value $
$36,000
Form type
4
Date filed
4/1/2022, 03:46 PM
Next filing
Nov 28, 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
transaction KLNG STOCK OPTIONS Award $36K +50K $0.72 50K Aug 11, 2021 COMMON STOCK 50K $0.72 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stock options subject to the Optionee's continuous service as a director through such date, twenty-five percent of the Shares on each of August 31, 2021, November 30, 2021, February 28, 2022 and May 31, 2022. In addition to the foregoing, all Shares shall vest immediately prior to a Change in Control