AI assistant
Arq, Inc. — Director's Dealing 2023
Jul 20, 2023
14889_dirs_2023-07-19_2550b1b3-2917-4ba3-97e3-8de5c44ba13d.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Advanced Emissions Solutions, Inc. (ADES)
CIK: 0001515156
Period of Report: 2023-07-17
Reporting Person: Rasmus Robert E. (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-07-17 | Common Stock | A | 422221 | $1.8947 | Acquired | 422221 | Direct |
| 2023-07-17 | Common Stock | A | 527779 | $1.8947 | Acquired | 527779 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-07-17 | Stock Option (right to buy) | $3 | A | 1000000 | Acquired | 2033-07-17 | Common Stock (1000000) | Direct |
| 2023-07-17 | Restricted Stock Units | $ | A | 400000 | Acquired | Common Stock (400000) | Direct |
Footnotes
F1: Mr. Rasmus agreed to acquire the shares of the Issuer's common stock, par value $0.001 (the "Common Stock"), reported on this row from the Company for cash pursuant to a subscription agreement entered into with the Issuer.
F2: The shares of Common Stock reported on this row are held by RER Legacy Investments II LLC ("RER Legacy"). Mr. Rasmus is the ultimate control person of RER Legacy, and an indirect beneficial owner of these shares. Mr. Rasmus disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
F3: Represents options to purchase Common Stock granted to Mr. Rasmus as an employment inducement award. The options will vest ratably in three equal annual installments on each anniversary of the date of grant.
F4: Represents restricted stock units ("RSUs") granted to Mr. Rasmus as an employment inducement award. Each RSU represents the right to receive one share of Common Stock upon vesting and settlement.
F5: 250,000 RSUs vest when the volume weighted average price ("VWAP") of the Common Stock over a 30-day period equals $10.00 per share and 150,000 RSUs vest when the VWAP over a 30-day period equals $15.00 per share, in each case, prior to the third anniversary of the date of grant.