JAMES F. ONEIL - 13 Apr 2022 Form 4 Insider Report for Orbital Energy Group, Inc. (OIGBQ)

Role
Chief Executive Officer, Director
Signature
/s/ James F. O'Neil III
Issuer symbol
OIGBQ
Transactions as of
13 Apr 2022
Transactions value $
-$354,433
Form type
4
Filing time
18 Apr 2022, 11:10:52 UTC
Previous filing
05 Apr 2022
Next filing
05 Jul 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OIGBQ Common Stock Award +227K +18.9% 1.43M 13 Apr 2022 Direct F4

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 OIGBQ Restricted Stock Units Award $1.36M +662K $2.05* 662K 13 Apr 2022 Common Stock 662K Direct F1, F2, F3
transaction OIGBQ SARs Disposed to Issuer -$304K -188K -100% $1.62* 0 13 Apr 2022 Common Stock 188K $1.00 Direct F5
transaction OIGBQ SARs Disposed to Issuer -$1.41M -1.6M -100% $0.88 0 13 Apr 2022 Common Stock 1.6M $2.89 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSUs were issued in connection with cancellation of previously issued cash-settled SARS. Of the RSUs issued, 373,055 were fully vested and immediately convertible to common stock and the remaining 662,106 will vest in equal installments on the first and second anniversaries of the date of issuance.
F2 RSUs are convertible to common shares on a one-to-one basis.
F3 RSUs do not have expiration dates.
F4 Fully vested RSUs, which were immediately convertible to common stock, were issued in connection with the cancellation of previously issued cash-settled SARs. 373,055 shares were granted and 146,153 were withheld for payroll taxes.
F5 187,500 SARs were exchanged for 148,276 RSUs, of which 134,629 were fully vested and immediately convertible into common stock and 13,647 will vest in equal installments on the first and second anniversaries of the date of issuance.
F6 1,600,000 SARs were exchanged for 886,885 RSUs, of which 238,426 were fully vested and immediately convertible into common stock and 648,459 will vest in equal installments on the first and second anniversaries of the date of issuance.