RICHARD ROEDEL - 11 May 2021 Form 4 Insider Report for LUNA INNOVATIONS INC (LUNA)

Role
Director
Signature
/s/ Scott A. Graeff, Attorney-In-Fact
Issuer symbol
LUNA
Transactions as of
11 May 2021
Net transactions value
+$62,491
Form type
4
Filing time
13 May 2021, 16:25:58 UTC
Previous filing
10 May 2021
Next filing
20 May 2021
SEC
View on sec.gov

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 LUNA Stock Units Award $62,491 +5,640 +9.9% $11.08 62,557 11 May 2021 Common Stock 5,640 Direct F1, F2, F3
holding LUNA Stock Units 232,043 11 May 2021 Common Stock 232,043 By Spouse F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Consists of stock units that are convertible into issuer's common stock on a 1-for-1 basis.
F2 This grant was awarded in connection with Mr. Roedel's service as chairman of the board of directors, pursuant to the issuer's non-employee director compensation policy. The number of stock units awarded is equal to $62,500 divided by $11.08, the closing price of the issuer's stock on the Nasdaq Capital Market on May 11, 2021, the date of grant.
F3 The stock units vest upon the earlier of the one year anniversary of the grant date or the issuer's annual meeting of stockholders and, subject to vesting, will become issuable in common stock of the issuer at the election of the Reporting Person upon the earliest to occur of the Reporting Person's termination of service, a change in control of the issuer, an unforeseeable emergency, or a fixed date selected by the Reporting Person. The stock units have no expiration date.