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Stabilis Solutions, Inc. — Director's Dealing 2014
Mar 4, 2014
34354_dirs_2014-03-04_a0d3d96b-1846-468f-be05-8e40e2a68573.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: 2014-02-25
Reporting Person: Dauber Charles M (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-02-25 | Common Stock | A | 35248 | — | Acquired | 0 | Direct |
| 2014-02-25 | Common Stock | F | 10007 | $9.10 | Disposed | 448092 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-02-25 | Restricted Stock Units Dated February 25, 2014 | $ | A | 80000 | Acquired | Common Stock (80000) | Direct | |
| 2014-02-25 | Restricted Stock Units Dated February 27, 2012 | $ | M | 14496 | Disposed | Common Stock (14496) | Direct | |
| 2014-02-25 | Restricted Stock Units Dated February 26, 2010 | $ | M | 10052 | Disposed | Common Stock (10052) | Direct | |
| 2014-02-25 | Restricted Stock Units Dated February 25, 2011 | $ | M | 10700 | Disposed | Common Stock (10700) | Direct |
Footnotes
F1: Shares withheld for payment for taxes upon vesting of restricted stock units. The shares were not sold.
F2: 14,496 of the vested restricted stock units 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 annual installments on February 25th, 2015 and 2016, subject to continuing employment requirements.
F3: 10,700 of the vested restricted stock units 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 on February 25, 2015, subject to continuing employment requirements.
F4: 10,052 of the vested restricted stock units converted to common stock on a one-to-one basis on the transaction date. There are no remaining restricted stock units to convert for this award.
F5: Represents an incentive award. Vesting of the award is subject to attainment of 2014 performance criteria. Vested restricted stock units covert into common stock on a one-to-one basis in for equal annual installments from the transaction date, subject to a continuing employment requirement.