David Douglas - 11 Aug 2021 Form 4 Insider Report for Deep Down, Inc. (KLNG)

Role
Director
Signature
/s/ David J. Douglas
Issuer symbol
KLNG
Transactions as of
11 Aug 2021
Transactions value $
$36,000
Form type
4
Filing time
01 Apr 2022, 15:46:27 UTC
Next filing
28 Nov 2022
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 KLNG STOCK OPTIONS Award $36K +50K $0.72 50K 11 Aug 2021 COMMON STOCK 50K $0.72 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stock options subject to the Optionee's continuous service as a director through such date, twenty-five percent of the Shares on each of August 31, 2021, November 30, 2021, February 28, 2022 and May 31, 2022. In addition to the foregoing, all Shares shall vest immediately prior to a Change in Control