Neal I. Goldman - 11 Aug 2021 Form 4 Insider Report for Deep Down, Inc. (KLNG)

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	$36,000	+50,000		$0.7200	50,000	11 Aug 2021	COMMON STOCK	50,000	$0.7200	Direct	F1

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

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