AgEagle Aerial Systems Inc. — Director's Dealing 2020

Sep 11, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AgEagle Aerial Systems Inc. (UAVS)
CIK: 0000008504
Period of Report: 2019-03-31

Reporting Person: Fernandez-McGovern Nicole M. (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-08	Common Stock, par value $0.001	M	35000	$0.06	Acquired	105000	Direct
2020-09-08	Common Stock, par value $0.001	S	35000	$2.58	Disposed	70000	Direct
2020-04-13	Common Stock, par value $0.001	A	70000	—	Acquired	70000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-08	Options to purchase common stock, par value $0.001 per share	$0.06	M	35000	Disposed	2027-10-02	Common Stock (35000)	Direct
2020-06-30	Options to purchase common stock, par value $0.001 per share	$1.19	A	12500	Acquired	2024-06-29	Common Stock (12500)	Direct
2020-03-31	Options to purchase common stock, par value $0.001 per share	$0.39	A	12500	Acquired	2024-03-30	Common Stock (12500)	Direct
2019-12-31	Options to purchase common stock, par value $0.001 per share	$0.45	A	12500	Acquired	2023-12-30	Common Stock (12500)	Direct
2019-09-30	Options to purchase common stock, par value $0.001 per share	$0.31	A	67500	Acquired	2023-09-29	Common Stock (67500)	Direct
2019-06-30	Options to purchase common stock, par value $0.001 per share	$0.29	A	12500	Acquired	2023-06-29	Common Stock (12500)	Direct
2019-03-31	Options to purchase common stock, par value $0.001 per share	$0.41	A	12500	Acquired	2029-03-30	Common Stock (12500)	Direct

Footnotes

F1: The stock option exercises reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on July 17, 2020

F2: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on July 17, 2020.

F3: The price reported in Colum 4 is a weighted average price. These shares were sold in multiple transactions at price ranging from $2.55 to $2.61.

F4: Reflects vested restricted stock units. The restricted stock units were performance based awards granted under the Company's 2019 Bonus Plan.

F5: The options became exercisable and vested in equal installments over a two-year period.

F6: The options were issued as incentive compensation for services under the Company's Omnibus Equity Incentive Plan.