AMTECH SYSTEMS INC — Director's Dealing 2022

Mar 4, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: AMTECH SYSTEMS INC (ASYS)
CIK: 0000720500
Period of Report: 2022-03-02

Reporting Person: Averick Robert M (Director, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-03-02	Director Stock Option (Right to Buy)	$10.22	A	6000	Acquired	2032-03-02	Common Stock (6000)	Direct

Footnotes

F1: Mr. Averick is a Portfolio Manager at Kokino LLC ("Kokino"), which is a single-family office. Mr. Averick holds an indirect minority interest in shares of the issuer's Common Stock through his minority ownership of one of Kokino's clients, Piton Capital Partners LLC ("Piton") (which ownership may be held directly and indirectly through Piton's managing member, Piton Capital Management LLC ("PCM")).

F2: Also, Mr. Averick's incentive compensation as an employee of Kokino, which is generally calculated in Kokino's discretion, may be based on the performance of shares of the issuer's Common Stock held by Kokino's clients. In addition, the performance of such shares may result in an allocation that increases Mr. Averick's ownership interest in Piton pursuant to Piton's operating agreement. Kokino is the managing member of PCM, and Mr. Averick's and Piton's beneficial ownership of Common Stock is reported in a Schedule 13D filed on January 25, 2016 (as amended most recently on February 24, 2022).

F3: The option vests on March 2, 2023.

F4: Price omitted because the transaction is a grant of a stock option.

F5: This is the number of derivative securities, with the same terms and conditions, following the reported transaction. Total of all derivative securities, including those with different terms and conditions, held following the reported transaction is 42,000.