SEC Form 4 · accession 0001144204-18-037196
ClearSign Technologies Corp · CLIR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lon E Bell
Director
Period of report
Jun 29, 2018
Accepted (ET)
Jul 3, 2018 · 3:04 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 Stock/CLIRF1 | Jun 29, 2018 | A | 13,514 | — | A | 367,986 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On May 3, 2018 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 2018, each independent director was granted 27,027 shares of common stock having a per share value of $1.85, the closing price of the Issuer's common stock on the date of grant. The common stock is earned in quarterly increments and is issued on the last business day of each calendar quarter. The shares of common stock are issued from the Company's 2011 Equity Incentive Plan. Because the grant was approved in the second quarter, the shares of common stock for both the first and second quarter of 2018 were issued on June 29, 2018.