SEC Form 4 · accession 0001239819-16-000137
LUNA INNOVATIONS INC · LUNA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Roedel
Director
Period of report
Jun 3, 2016
Accepted (ET)
Jun 7, 2016 · 4:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001239819
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Jun 3, 2016 | A | 43,478 | $0.00 | A | 43,478 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock UnitsF4,F1,F5 | — | Jun 3, 2016 | A | 10,870 | A | — | — | Common Stock | 10,870 | 150,931 | D |
| Stock UnitsF6,F1,F5 | — | Jun 3, 2016 | A | 652 | A | — | — | Common Stock | 652 | 151,583 | D |
Explanation of responses
- F1Consists of restricted stock units are convertible into issuer's common stock on a 1-for-1 basis.
- F2This grant was awarded in connection with Mr. Roedel's service as chairman of the board of directors, pursuant to the issuer's non-employee director compensation policy. The number of restricted stock units awarded is equal to $50,000 divided by $1.15, the closing price of issuer's common stock on Nasdaq Capital Market on June 3, 2016, the date of grant.
- F3The stock units will vest fully on the earlier of the one year anniversary of the grant date or the issuer's next annual meeting of stockholders.
- F4This grant was made pursuant to the issuer's non-employee director compensation policy as compensation for Mr. Roedel's service as chairman of the board for the period from April 1, 2016 to June 30, 2016. The number of restricted stock units awarded is equal to $12,500.00 divided by $1.15, the closing price of the issuer's common stock on Nasdaq Capital Market on June 3, 2016, the date of grant. The Reporting Person elected to receive fees in stock units.
- F5The stock units become issuable in common stock of the issuer at the election of the Reporting Person upon the earliest to occur of the Reporting Person's termination of service, a change in control of the issuer, an unforeseeable emergency, or a fixed date selected by the Reporting Person. The units have no expiration date.
- F6This grant of was made pursuant to the issuer's non-employee director compensation policy for Mr. Roedel's service as a member of the issuer's compensation committee for the period from April 1, 2016 to June 30, 2016. The number of restricted stock units awarded is equal to $750.00 divided by $1.15, the closing price of issuer's common stock on Nasdaq Capital Market on June 3, 2016, the date of grant. The Reporting Person elected to receive fees in stock units.