SEC Form 4 · accession 0001209191-16-122757
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 · 8:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001350102
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 19, 2016 | A | 600,000 | $0.00 | A | 600,000 | D |
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)F2,F3 | $0.06 | May 19, 2016 | A | 200,000 | A | May 19, 2016 | Mar 10, 2026 | Common Stock | 200,000 | 1,000,000 | D |
Explanation of responses
- F1Mr. Lee was granted 600,000 restricted stock units on March 10, 2016, subject to and contingent upon receipt of stockholder approval in accordance with Sections 9 and 10 of the Issuer's Restricted Stock Plan. The stockholders approved the restricted stock unit grant on May 19, 2016. Each unit represents a contingent right to receive one share of common stock of the Issuer. Restricted stock units vest as follows: 50% on September 10, 2016 and 50% on March 10, 2017.
- F2The 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.
- F3Upon approval of the option grant by Issuer's stockholders on May 19, 2016, the shares subject to the option grant vest as follows: 50% on March 10, 2017 and 50% on March 10, 2018.