SEC Form 4 · accession 0001209191-16-122754
Ascent Solar Technologies, Inc. · ASTI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lee Kong Hian
Officer — Chief Executive Officer · Director
Period of report
May 19, 2016
Accepted (ET)
May 23, 2016 · 7:59 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001350102
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock Option (Right to Buy)F1,F2 | $0.61 | May 19, 2016 | A | 200,000 | A | May 19, 2016 | Jun 18, 2025 | Common Stock | 200,000 | 800,000 | D |
Explanation of responses
- F1The option grant was approved by the Compensation Committee of Issuer's Board of Directors on June 18, 2015, subject to stockholder approval of the option grant. Issuer's stockholders approved the option grant on May 19, 2016.
- F2Upon approval of the option grant by Issuer's stockholders on May 19, 2016, the shares subject to the option grant vest in the following amounts on the following dates: 50% on June 18, 2017 and 50% on June 18, 2019.