AgEagle Aerial Systems Inc. — Director's Dealing 2021

Jan 12, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AgEagle Aerial Systems Inc. (UAVS)
CIK: 0000008504
Period of Report: 2021-01-04

Reporting Person: Gardner Thomas J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-04	Common Stock, par value $0.001	M	2500	$0.56	Acquired	2500	Direct
2021-01-04	Common Stock, par value $0.001	M	8000	$0.41	Acquired	10500	Direct
2021-01-04	Common Stock, par value $0.001	M	9500	$0.29	Acquired	20000	Direct
2021-01-04	Common Stock, par value $0.001	S	20000	$5.75	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-04	Options to purchase common stock, par value $0.001per share	$0.29	M	9500	Disposed	2024-06-28	Common Stock (9500)	Direct
2021-01-04	Options to purchase common stock, par value $0.001per share	$0.41	M	8000	Disposed	2024-03-29	Common Stock (8000)	Direct
2021-01-04	Options to purchase common stock, par value $0.001per share	$0.56	M	2500	Disposed	2023-12-30	Common Stock (2500)	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 08/03/2020.

F2: The options became exercisable and vest in equal installments over a two-year period commencing on the issuance date.

F3: The options were issued as incentive compensation for services under the Company's Omnibus Equity Incentive Plan.

F4: Aggregate number of stock options beneficially owned as of the Transaction Date irrespective of exercise price and expiration date.

F5: The price reported in Colum 4 is a weighted average price. These shares were sold in multiple transactions at price ranging from $5.75 to $5.79.