SEC Form 4 · accession 0001144204-17-009084
ClearSign Technologies Corp · CLIR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roberto Ruiz
Officer — Chief Operating Officer
Period of report
Feb 10, 2017
Accepted (ET)
Feb 14, 2017 · 5:54 pm EST
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 Stock/CLIRF1 | Feb 10, 2017 | A | 20,833 | — | A | 27,313 | D | |
| Common Stock/CLIR | holding | — | — | — | 4,560 | I | By IRA |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 10, 2017, the reporting person was granted 20,833 shares of common stock, having a per share value of $3.60, the closing price of the Issuer's common stock on the date of grant, from the Company's 2011 Equity Incentive Plan as payment of a bonus approved by the Issuer's Compensation Committee. The Company has the right to repurchase the shares at a price of $0.0001 per share upon the termination of the reporting person's employment or other circumstances designated in the award agreement. The repurchase right expires on February 10, 2018.