SEC Form 4 · accession 0001144204-16-091919
ClearSign Technologies Corp · CLIR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott P Isaacson
Director
Period of report
Mar 31, 2016
Accepted (ET)
Mar 31, 2016 · 4:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001434524
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 31, 2016 | A | 3,676 | $3.40 | A | 33,860 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On March 9, 2016 the Issuer's board of directors approved annual compensation for the Issuer's independent directors. The reporting person is an independent director. As partial compensation for services provided to the Issuer during 2016, each independent director was granted 3,676 shares of common stock per quarter, having a per share value of $3.40, the closing price of the Issuer's common stock on the date of grant. The shares of common stock were issued from the Company's 2011 Equity Incentive Plan and held in escrow until the shares are earned. The shares are earned on a quarterly basis and are released to the independent directors on the last day of each fiscal quarter.