Jacob Brunsberg - 09 Aug 2022 Form 4 Insider Report for SIGMA LABS, INC. (SASI)

Role
President and CEO, Director
Signature
/s/ Jacob Brunsberg
Issuer symbol
SASI
Transactions as of
09 Aug 2022
Net transactions value
$0
Form type
4
Filing time
11 Aug 2022, 21:00:21 UTC
Previous filing
08 Jul 2022
Next filing
30 Jan 2023
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 SASI Stock Option (right to buy) Award $0 +15,200 $0.000000 15,200 09 Aug 2022 Common Stock 15,200 $2.50 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option grant was previously approved by a committee of the Issuer's Board of Directors, subject to stockholder approval of an amendment to the Issuer's equity incentive plan under which the option was granted. The Issuer's stockholders approved the amendment on August 9, 2022.
F2 The stock option vests as follows: (i) 3,800 shares subject to the option vested on the date of grant, and (ii) the remaining 11,400 shares will vest in equal (as nearly as possible) monthly installments over the succeeding 36 months, subject, in each case, to the Reporting Person remaining an employee of the Issuer on the applicable vesting date.