Amir Eilam - 07 Mar 2022 Form 4 Insider Report for ON TRACK INNOVATIONS LTD

Role
Chief Executive Officer
Signature
/s/ Amir Eilam
Issuer symbol
N/A
Transactions as of
07 Mar 2022
Net transactions value
$0
Form type
4
Filing time
08 Mar 2022, 14:54:11 UTC
Previous filing
06 Dec 2021
Next filing
13 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OTIVF Ordinary Shares Award +255,000 +100% 510,000 07 Mar 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon vesting of such ordinary shares, as described in Note 2 below, the Reporting Person shall be required to pay the par value of the shares no longer subject to restriction of NIS 0.1.
F2 The ordinary shares vest as follows: (i) 3,334 shares vested on 12/02/2021; (ii) 31,666 shares will vest in two equal instalments on each of 12/02/2022 and 12/02/2023; and (iii) 475,000 shares will vest in three equal instalments on each of 12/02/2022, 12/02/2023 and 12/02/2024, all subject to the terms and provisions of the Issuer's 2021 equity incentive plan.