AI assistant
BK Technologies Corp — Director's Dealing 2022
Jun 25, 2022
33295_dirs_2022-06-24_de894ac9-8d3a-4c38-9546-339d2ad13fb2.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: BK Technologies Corp (BKTI)
CIK: 0000002186
Period of Report: 2022-06-22
Reporting Person: Willis Randy (N/A)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-06-22 | Stock Option (Right to Buy) | $2.48 | A | 30000 | Acquired | 2032-06-22 | Common Stock (30000) | Direct |
Footnotes
F1: The option will vest (a) on June 22, 2023, as to that percentage for which the following performance criteria are met: (i) as to 50% of the shares, achievement of product cost reduction milestones by October 1, 2022; (ii) as to 30% of the shares, achievement of product lead time milestones by December 31, 2022; and (iii) as to 20% of the shares, achievement of product cost reduction milestones by September 1, 2022; or (b) as to any options that do not vest pursuant to subparagraph (a) above, upon a change in control of the Issuer on or before June 22, 2027.