Robert C. Daigle - 14 Aug 2023 Form 4 Insider Report for AMTECH SYSTEMS INC (ASYS)

Role
Chief Executive Officer, Director
Signature
/s/ Robert C. Daigle
Issuer symbol
ASYS
Transactions as of
14 Aug 2023
Transactions value $
$21,299
Form type
4
Date filed
16 Aug 2023, 19:23
Previous filing
15 Aug 2023
Next filing
25 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASYS Amtech Systems, Inc. $0.01 par value common stock Purchase $2.04K +233 +1.2% $8.75 19.7K 15 Aug 2023 Direct
transaction ASYS Amtech Systems, Inc. $0.01 par value common stock Purchase $8.76K +1K +5.08% $8.76 20.7K 16 Aug 2023 Direct
transaction ASYS Amtech Systems, Inc. $0.01 par value common stock Purchase $10.5K +1.2K +5.8% $8.75 21.9K 16 Aug 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ASYS Amtech Systems, Inc. Employee Stock Option Award +150K 150K 14 Aug 2023 Amtech Systems, Inc. $0.01 par value common stock 150K $9.00 Direct F1, F2
transaction ASYS Restricted Stock Units Award $0 +55.6K $0.00 55.6K 14 Aug 2023 Amtech Systems, Inc. $0.01 par value common stock 55.6K Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Option Grant will vest ratably on each of the annual anniversaries over the three-year term of Mr. Daigle's employment agreement, subject to Mr. Daigle's continued service with the Company; provided, however, that 50,000 shares of such Option Grant will vest immediately.
F2 Price omitted because the transaction is a grant of a stock option.
F3 Each restricted stock unit represents a contingent right to receive one share of Common Stock of Amtech Systems, Inc.
F4 The number of RSUs granted equals the aggregate fair market value of $500,000 as of the grant date in accordance with the terms of Mr. Daigle's employment agreement.
F5 The grant will vest in full on the one-year anniversary of the grant date, subject to Mr. Daigle's continued service with the Company.