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Stabilis Solutions, Inc. — Director's Dealing 2022
Feb 23, 2022
34354_dirs_2022-02-23_5dd34f89-3d49-4067-8738-4c2b741f29b6.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Stabilis Solutions, Inc. (SLNG)
CIK: 0001043186
Period of Report: 2022-02-18
Reporting Person: Ballard Westervelt T. JR (Director, President and CEO)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-02-18 | Restricted Stock Units | $ | A | 23293 | Acquired | Common Stock (23293.0) | Direct | |
| 2022-02-18 | Stock Options | $10.0 | A | 1300000 | Acquired | Common Stock (1300000.0) | Direct | |
| 2022-02-18 | Stock Options | $6.0 | A | 442547 | Acquired | Common Stock (442547.0) | Direct |
Footnotes
F1: The Restricted Stock Units ("RSUs") were awarded to the reporting person pursuant to the Stabilis Solutions, Inc. Amended and Restated 2019 Long Term Incentive Plan (the "LTIP"). Each RSU represents the right to receive upon vesting, one share of Stabilis Solutions, Inc. Common Stock.
F2: The RSUs were awarded to the reporting person pursuant to the LTIP and vest ratably in three annual installments beginning one year from the grant date, subject to the terms and conditions of the award agreement.
F3: Unless earlier forfeited under the terms and conditions of the award agreement, the RSUs expire immediately following vesting.
F4: The Stock Options were awarded to the reporting person pursuant to the Stabilis Solutions, Inc. Amended and Restated 2019 Long Term Incentive Plan (the "LTIP"). The options vest as follows: (i) 442,000 options on August 23, 2022, (ii) 429,000 options on August 23, 2023, and (iii) 429,000 options on August 23, 2024, conditioned on Mr. Ballard remaining continuously employed through each vesting date.
F5: Unless earlier forfeited under the terms and conditions of the award agreement, the Stock Options expire 10 years from grant date.
F6: The Stock Options were awarded to the reporting person pursuant to the LTIP and vest ratably in three annual installments beginning one year from the grant date, subject to the terms and conditions of the award agreement.