ClearSign Technologies Corp — Director's Dealing 2012

Apr 24, 2012

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: CLEARSIGN COMBUSTION CORP (CLIR)
CIK: 0001434524
Period of Report: 2012-04-23

Reporting Person: HARMON JAMES N (CFO and Secretary)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	125000	Direct

Footnotes

F1: 50,000 shares of Mr. Harmon's common stock are subject to a repurchase option by the Company at $0.0001 per share in the event that Mr. Harmon terminates his employment, or upon other related circumstances, prior to June 30, 2012. 75,000 shares of Mr. Harmon's common stock are subject to a repurchase option by the Company at $0.0001 per share in the event that Mr. Harmon terminates his employment, or upon other related circumstances. As to the 75,000 shares, the repurchase right expires ratably and on a quarterly basis over the period October 1, 2012 to June 30, 2015. In the event of a change in control of the Company, the repurchase rights terminate.