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TWIN DISC INC — Director's Dealing 2022
Aug 8, 2022
33796_dirs_2022-08-08_a1d607da-9b79-4ea5-9380-b2ece31b68dd.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TWIN DISC INC (TWIN)
CIK: 0000100378
Period of Report: 2022-08-03
Reporting Person: BATTEN JOHN H (Director, President and CEO, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-08-03 | Common Stock | A | 48251 | $8.29 | Acquired | 326395 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-08-03 | Restricted Stock Units | $0 | A | 72376 | Acquired | 2025-08-03 | Common Stock (72376) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 2457.2354 | Indirect |
| Common Stock | 195019 | Indirect |
| Common Stock | 221156 | Indirect |
| Common Stock | 54152 | Indirect |
| Common Stock | 53672 | Indirect |
| Common Stock | 45440 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $0.0000 | 2024-08-04 | Common Stock (20952) | 20952 | Direct |
Footnotes
F1: Award of Restricted Stock for no cash consideration pursuant to Twin Disc, Incorporated 2021 Long-Term Incentive Compensation Plan as amended. Grant will vest 100% on 8/3/2025.
F2: As trustee of Michael E. Batten Marital Trust.
F3: As trustee of Michael E. Batten Family Trust.
F4: As trustee of Elizabeth Batten Stribney Trust.
F5: As trustee of Timothy Michael Batten Trust.
F6: As trustee of Louise Vemet Batten Grantor Trust.
F7: Award of Restricted Stock Units for no cash consideration pursuant to Twin Disc, Incorporated 2021 Long-Term Incentive Compensation Plan. Grant will vest 100% on 8/3/2025.
F8: Each restricted stock unit represents a contingent right to receive one share of Twin Disc Inc. common stock, subject to adjustment based on achievement of performance objectives. The maximum number of shares issuable under this award is 144,752.
F9: The restricted stock units will vest three years from the grant date if the Reporting Person is still employed by the issuer and if certain performance objectives for the three-year period ending June 30, 2025 are met.