SEC Form 4 · accession 0001144204-16-098037
ClearSign Technologies Corp · CLIR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Colannino
Officer — Chief Technology Officer
Period of report
Apr 28, 2016
Accepted (ET)
Apr 29, 2016 · 6:47 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,F2 | $4.21 | Apr 28, 2016 | A | 12,000 | A | — | Apr 1, 2026 | Common Stock | 12,000 | 143,555 | D |
Explanation of responses
- F1The reporting person was notified of the grant on April 28, 2016. The grant was made by the Compensation Committee at a meeting held on April 23, 2016.
- F2The right to purchase the option shares vests at the rate of 6.25% commencing on July 1, 2016 and on each quarterly (3-month) anniversary until the right to purchase all of the option shares has vested on April 1, 2020.