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CKX LANDS, INC. — Director's Dealing 2024
Mar 22, 2024
34905_dirs_2024-03-22_fff2673d-bf40-4e99-8711-72948e2ace57.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CKX LANDS, INC. (CKX)
CIK: 0000352955
Period of Report: 2024-02-12
Reporting Person: Stepp Scott Adams (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-12 | Common Stock | M | 25880 | — | Acquired | 68576 | Direct |
| 2024-02-12 | Common Stock | F | 8033 | $13 | Disposed | 60543 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-12 | Performance Shares | $ | M | 25880 | Disposed | 2024-07-15 | Common Stock (25880) | Direct |
Footnotes
F1: Each unvested performance share represents a contingent right to receive one share of the Issuer's common stock. Various percentages of the performance share 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, prices of $13, $14, $14.50 and $15 per share. The performance period is July 15, 2020 to July 15, 2024.
F2: The Issuer's common stock met the $13 trading price target on February 12, 2024, and 18.47% of the award vested on that date.