SEC Form 5 · accession 0001144204-15-020589
ClearSign Technologies Corp · CLIR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew U Lee
Officer — Sr VP - Business Development
Period of report
Dec 31, 2014
Accepted (ET)
Apr 1, 2015 · 4:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001434524
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to purchase common stockF1 | $9.90 | Feb 13, 2014 | A | 21,000 | A | — | Dec 31, 2023 | Common Stock | 21,000 | 128,855 | D |
Explanation of responses
- F1The right to purchase the option shares vests at the rate of 6.25% commencing on April 1, 2014 and on each quarterly (3-month) anniversary until the right to purchase all of the option shares has vested on January 1, 2018.