MESA LABORATORIES INC /CO/ — Director's Dealing 2020

Jun 17, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MESA LABORATORIES INC /CO (MLAB)
CIK: 0000724004
Period of Report: 2020-06-15

Reporting Person: Owens Gary M (CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-06-15	Common Stock	M	1000	—	Acquired	11440	Direct
2020-06-15	Common Stock	F	440	$226.72	Disposed	11000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-06-15	Restricted Stock Units - 2	$	M	1000	Disposed		Common Stock (1000)	Direct
2020-06-15	Restricted Stock Units - 3	$	A	2075	Acquired		Common Stock (2075)	Direct
2020-06-15	Non Qualified Stock Options	$226.72	A	13795	Acquired	2026-06-15	Common Stock (13795)	Direct
2020-06-15	Restricted Stock Unit - 4	$	A	1831	Acquired		Common Stock (1831)	Direct

Footnotes

F1: Each RSU represents a contingent right to receive one share of the Issuer's common stock

F2: RSUs that vest 1/5 on June 15, 2020 and each of the next four anniversary dates

F3: Not Applicable

F4: Represents shares of common stock retained by Mesa Labs for tax withholding purposes in connection with the net-settlement on the issuance of shares of common stock in respect to the vested RSUs.

F5: RSUs that vest approximately 1/3 on June 15, 2021 and each of the next two anniversary dates

F6: NSOs that vest approximately 1/3 on June 15, 2021 and each of the next two anniversary dates

F7: RSUs granted for 15% salary reduction for next 12 months and conversion of 60% of cash bonus target for Fiscal Year 21.

F8: RSUs that cliff vest on June 15, 2021