Lisa Wager - 05 May 2021 Form 3/A - Amendment Insider Report for Byrna Technologies Inc. (BYRN)

Role
Chief Legal Officer
Signature
/s/ Lisa Wager
Issuer symbol
BYRN
Transactions as of
05 May 2021
Net transactions value
$0
Form type
3/A - Amendment
Filing time
28 Dec 2021, 07:18:37 UTC
Date Of Original Report
11 Jun 2021
Next filing
04 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BYRN Common Stock 164,317 05 May 2021 Direct
holding BYRN Common Stock 270 05 May 2021 See footnote F1

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
holding BYRN Stock Options (right to buy) 05 May 2021 Common Stock 60,000 $1.90 Direct F2
holding BYRN Restricted Stock Units 05 May 2021 Common Stock 150,000 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person is custodian for her children under the Uniform Gifts to Minors Act. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F2 The stock options became exercisable upon issuance.
F3 The restricted stock units vest as follows: (i) one-third of the RSUs have no price trigger, (ii) the second one-third of the RSUs will be triggered when BYRN's stock trades above $30.00 on a 20-day Volume Weighted Average Price ("VWAP"), (iii) the final one-third of the RSUs will be triggered when the stock trades above $40.00 on a 20-day VWAP; and (iv) the reporting person must remain employed by the Company until August 31, 2023 for the restricted stock units to vest. This amends the earlier form 3 which incorrectly stated that the first one-third of the RSU's have a $20.00 price trigger. The restricted stock units will be settled in cash or shares of BYRN common stock on or before March 15, 2024.
F4 Each restricted stock unit represents a contingent right to receive one share of BYRN common stock or cash.

Remarks:

This Form 3/A is being filed to correct the Form 3 filed in error on 12/27/2021 which omitted the date of original filing of 06/11/2021 and contained certain formatting errors.