CKX LANDS, INC. — Director's Dealing 2023

Aug 9, 2023

SEC Form 4/A — Form 4/A

Issuer: CKX LANDS, INC. (CKX)
CIK: 0000352955
Period of Report: 2022-06-13

Reporting Person: Stream William Gray (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-06-13	Common Stock	F	5083	$12.92	Disposed	58709	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	34000	Indirect
Common Stock	15037	Indirect
Common Stock	7844	Indirect

Footnotes

F1: The reported transaction was the withholding of shares to satisfy tax withholding obligations upon the vesting of performance shares. The performance shares were granted on June 13, 2022. Various percentages of the award vest if the closing price of the Issuer's common stock equals or exceeds, for at least ten consecutive trading days during the performance period, certain price targets. The performance period is July 15, 2020 to July 15, 2024. The Issuer's common stock met the $12 price target on May 19, 2021, before the award was granted. Accordingly, 11.27% of the award was vested at the time it was granted and the vested portion was settled on June 17, 2022. The withholding tax due and the number of shares withheld, however, were based on the value of the Issuer's common stock on the vesting date. The transaction date has been reported as the date of grant because the vesting date occurred before the grant.

F2: The Reporting Person disclaims ownership of the reported securities owned by Stream Family Limited Partnership, Sierra Pelican, L.L.C., and Stream Investment Holdings II, L.L.C., except to the extent of his pecuniary interest therein.