SEC Form 4 · accession 0001144204-17-009088
ClearSign Technologies Corp · CLIR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott P Isaacson
Director
Period of report
Feb 10, 2017
Accepted (ET)
Feb 14, 2017 · 5:56 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 | 27,778 | — | A | 80,908 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 10, 2017, the Issuer's Compensation Committee approved annual compensation for the Issuer's independent directors. The reporting person is an independent director. As full compensation for services provided to the Issuer during 2017, each independent director was granted 27,778 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. 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 services as a director or other circumstances designated in the award agreement. The repurchase right expires on February 10, 2018. The shares will be issued from the Issuer's 2011 Equity Compensation Plan.