SEC Form 4 · accession 0001144204-19-000736
ClearSign Technologies Corp · CLIR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Susanne Meline
Director
Period of report
Dec 31, 2018
Accepted (ET)
Jan 4, 2019 · 8:07 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 | Dec 31, 2018 | A | 6,756 | — | A | 49,249 | D | |
| Common Stock/CLIR | holding | — | — | — | 27,273 | I | Spouse |
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 non-executive directors. The reporting person is a non-executive director. As partial compensation for services provided to the Issuer during 2018, each non-executive 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.