SEC Form 4 · accession 0001019687-15-004531
Koil Energy Solutions, Inc. · KLNG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald Eric Smith
Officer — President, CEO and Director · Director · 10% Owner
Period of report
Dec 14, 2015
Accepted (ET)
Dec 16, 2015 · 3:49 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001110607
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 14, 2015 | A | 300,000 | $0.00 | A | 1,784,529 | D | |
| Common Stock | holding | — | — | — | 341,222 | I | By IRA |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Compensation Committee of the Company's Board of Directors approved a stock grant of 300,000 restricted shares. These restricted shares are subject to forfeiture - restrictions lapse with respect to one-third (or 100,000 shares) on January 1, 2016; one-third (or 100,000 shares) on December 14, 2016 and one-third (or 100,000 shares) on December 14, 2017.