Mark Carden - Oct 20, 2022 Form 4 Insider Report for Deep Down, Inc. (KLNG)

Role
Director
Signature
/s/ Mark Carden
Stock symbol
KLNG
Transactions as of
Oct 20, 2022
Transactions value $
$31,500
Form type
4
Date filed
11/28/2022, 02:58 PM
Previous filing
Apr 1, 2022
Next filing
Nov 14, 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 KLNG STOCK OPTIONS Award $31.5K +50K $0.63 50K Oct 20, 2022 COMMON STOCK 50K $0.63 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 October 31, 2022, November 30, 2022, February 28, 2023 and May 31, 2023. In addition to the foregoing, all Shares shall vest immediately prior to a Change in Control.