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Stabilis Solutions, Inc. — Director's Dealing 2011
Mar 4, 2011
34354_dirs_2011-03-03_4c9e647a-84e5-4f95-9d61-55b75511cb9a.zip
Director's Dealing
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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: Adams Timothy C (Vice President & President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-02-28 | Common Stock | M | 2184 | — | Acquired | 7587 | Direct |
| 2011-02-28 | Common Stock | M | 600 | — | Acquired | 8187 | 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 | 9600 | Acquired | Common Stock (9600) | Direct | |
| 2011-02-28 | Restricted Stock Units Dated February 28, 2011 | $ | A | 2400 | Acquired | Common Stock (2400) | Direct | |
| 2011-02-28 | Restricted Stock Units Dated February 26, 2010 | $ | D | 600 | Disposed | Common Stock (1800) | Direct | |
| 2011-02-28 | Restricted Stock Units Dated February 26, 2010 | $ | D | 3048 | Disposed | Common Stock (3048) | Direct |
Footnotes
F1: 8736 restricted stock units granted in 2010 vested on the transaction date based on achievement of 2010 performance criteria and 864 restricted stock units were cancelled. 2184 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: 600 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 2012, 2013 and 2014, subject to a continuing employment requirement.