NextTrip, Inc. — Director's Dealing 2020

Jun 18, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SIGMA LABS, INC. (SGLB)
CIK: 0000788611
Period of Report: 2020-06-15

Reporting Person: Orzechowski Frank (CFO, PFO and PAO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-06-15	Stock Option (right to buy)	$2.50	A	34996	Acquired	2025-05-27	Common Stock (34996)	Direct

Footnotes

F1: The option grant was previously approved by a committee of the Issuer's Board of Directors, subject to stockholder approval of an amendment to the Issuer's equity incentive plan under which the option was granted. The Issuer's stockholders approved the amendment on June 15, 2020.

F2: The stock option vests as follows: (i) 25% of the shares underlying the option vested on June 15, 2020, and (ii) the balance of the shares underlying the option will vest in equal (as closely as possible) monthly installments over three years from June 15, 2020, subject, in each case, to the Reporting Person being in the continous employ of the Issuer on the applicable vesting date.