Joseph Saltarelli - 01 Jun 2022 Form 4 Insider Report for EMAGIN CORP

Reporting relationship: Officer
Issuer ticker: N/A
Reported as of: 01 Jun 2022
Net transaction value: -$1,636
SEC form: 4
Accepted by SEC: 02 Jun 2022, 19:38:15 UTC
Prior SEC filing: 16 Jun 2021
Source filing: View source filing
Reporting owner signature: /s/ Mark A. Koch, as Attorney-in-Fact

Key filing fact

Joseph Saltarelli filed Form 4 for EMAGIN CORP on 02 Jun 2022.

Key facts

This page summarizes Joseph Saltarelli's Form 4 filing for EMAGIN CORP.
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 02 Jun 2022, 19:38.

Change

Previous filing in this sequence was filed on 16 Jun 2021.
Current net transaction value: -$1,636.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

EMAN transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +5,839
Change %: +47%
Price: $0.000000
Shares after: 18,150
Date: 01 Jun 2022
Ownership: Direct
Footnotes: F1

EMAN transaction

Common Stock

Sale

Transaction value: $1,636
Shares: -2,458
Change %: -14%
Price: $0.6657
Shares after: 15,692
Date: 01 Jun 2022
Ownership: Direct
Footnotes: F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

EMAN transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: +5,839
Change %: +25%
Price: $0.000000
Shares after: 29,197
Date: 01 Jun 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 5,839
Exercise price
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

The Reporting Person received Restricted Stock Units ("RSUs") that represent a contingent right to receive one share of Common Stock for each RSU upon the satisfaction of applicable vesting conditions. The shares were issued pursuant to vested RSUs.

Footnote F2

The sales reported represent shares of Common Stock required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. These sales are mandated by the issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.

Footnote F3

The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.651 to $0.685 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.

Footnote F4

Represents the settlement of vested RSUs. The Reporting Person was previously granted 35,036 RSUs that represent a contingent right to receive one share Common Stock for each RSU. Half, or 17,518 of the previously granted RSU's are performance based and vest over a three-year period subject to achievement of certain performance conditions. The remaining RSUs are subject to a three-year service-based vesting requirement, vesting in equal installments over the three years. 1/3 of the service-based RSUs vested on June 1, 2022 and the remaining RSUs will vest in equal installments over the remaining two years, subject to the Reporting Person's continuous service with the issuer.