ClearSign Technologies Corp — Director's Dealing 2020

Aug 20, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ClearSign Technologies Corp (CLIR)
CIK: 0001434524
Period of Report: 2020-08-18

Reporting Person: HOFFMAN Robert Thurston Sr (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-08-18	Option to Purchase Common Stock	$2.30	A	20000	Acquired	2030-08-17	Common Stock (20000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to Purchase Common Stock	$0.49	2030-05-19	Common Stock (20000)	20000	Direct
Option to Purchase Common Stock	$0.72	2030-04-01	Common Stock (20000)	20000	Direct
Option to Purchase Common Stock	$1.00	2029-04-01	Common Stock (86500)	86500	Direct

Footnotes

F1: On August 18, 2020 the Issuer's Board of Directors approved compensation to be paid to the Issuer's non-executive directors for services provided to the Issuer during the period from July 1, 2020 to September 30, 2020. The reporting person is a non-executive director. As compensation for their services, each non- executive director was awarded options for shares of common stock having an exercise price of $2.30. The total numbers of option shares awarded was based on the services provided by the director. These services include Board participation, committee participation, committee chair responsibilities and lead director responsibilities, if any. The award was issued from the Issuer's 2011 Equity Incentive Plan.

F2: The right to exercise the option and purchase the option shares vested in equal increments as follows: the right to purchase 21,625 shares vested on May 9, 2019 and the right to purchase the remaining 64,875 shares vested in equal increments on the last day of each calendar quarter during 2019.