SEC Form 4 · accession 0001683168-18-002047
Koil Energy Solutions, Inc. · KLNG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles K Njuguna
Officer — CHIEF FINANCIAL OFFICER
Period of report
Jul 27, 2018
Accepted (ET)
Jul 27, 2018 · 5:44 pm EDT
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 | Jul 27, 2018 | A | 300,000 | $0.00 | A | 300,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted stock grant is subject to forfeiture - shares have time-based vesting provision where restrictions lapse with respect to one-third on October 1, 2018, October 1, 2019 and October 1, 2020, which are the first, second and third anniversaries of the date on which the Officer was appointed as Chief Financial Officer.