SEC Form 4 · accession 0000846913-17-000109
FUEL TECH, INC. · FTEK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vincent J Arnone
Officer — President & CEO · Director
Period of report
Dec 15, 2017
Accepted (ET)
Dec 18, 2017 · 4:26 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000846913
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Dec 15, 2017 | A | 100,000 | A | — | — | Common Stock | 100,000 | 422,740 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents a contingent right to receive one stock of FTEK Common Stock.
- F2The Restricted Stock Units vest in two installments: (i) one half of the total RSUs awarded shall vest on the second anniversary after the transaction date shown above, and (ii) the final one half shall vest on the third anniversary of the transaction date shown above. Subject to the restrictions on distribution set forth in the registrant's 2017 RSU Award Agreement, generally, shares will be delivered to the reporting person in respect of vested RSUs as soon as practicable after each vesting date, unless the reporting person has elected to defer distribution until a later date.