Stabilis Solutions, Inc. — Director's Dealing 2011

Mar 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: American Electric Technologies Inc (AETI)
CIK: 0001043186
Period of Report: 2011-02-28

Reporting Person: Pierce Frank R. (Senior Vice President, CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-28	Common Stock	M	127	—	Acquired	127	Direct
2011-02-28	Common Stock	M	126	—	Acquired	253	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-28	Restricted Stock Units Dated February 28, 2011	$	A	6000	Acquired		Common Stock (6000)	Direct
2011-02-28	Restricted Stock Units Dated February 28, 2011	$	A	1500	Acquired		Common Stock (1500)	Direct
2011-02-28	Restricted Stock Units Dated September 15, 2010	$	D	126	Disposed		Common Stock (126)	Direct
2011-02-28	Restricted Stock Units Dated September 15, 2010	$	D	1643	Disposed		Common Stock (1643)	Direct

Footnotes

F1: 506 restricted stock units granted in 2010 vested on the transaction date based on achievement of 2010 performance criteria and 1516 restricted stock units were cancelled. 127 of the vested restricted stock units converted to common stock on a one-for-one basis on the transaction date. One-third of the remaining restricted stock units convert to common stock on a one-to-one basis annually on February 28, 2012, 2013 and 2014, subject to a continuing employment requirement.

F2: Represents an incentive compensation award. Vesting of the award is subject to attainment of 2011 performance criteria. Vested restricted stock units convert into common stock on a one-to one basis in four equal annual installments from the transaction date, subject to a continuing employment requirement.

F3: Represents an incentive compensation award. Converts into common stock on a one-to one basis in four equal annual installments from the transaction date, subject to a continuing employment requirement.

F4: 126 restricted stock units granted in 2010 converted to common stock on a one-for-one basis on the transaction date. The remaining restricted stock units convert to common stock on a one-to-one basis in equal installments on February 28, 2012, 2013 and 2014, subject to a continuing employment requirement.