David Douglas - 20 Oct 2022 Form 4 Insider Report for Deep Down, Inc. (KLNG)

Role
Director, 10%+ Owner
Signature
/s/ David J. Douglas
Issuer symbol
KLNG
Transactions as of
20 Oct 2022
Transactions value $
$31,500
Form type
4
Filing time
28 Nov 2022, 14:57:25 UTC
Previous filing
01 Apr 2022
Next filing
14 Nov 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 KLNG STOCK OPTIONS Award $31.5K +50K $0.63 50K 20 Oct 2022 COMMON STOCK 50K $0.63 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 October 31, 2022, November 30, 2022, February 28, 2023 and May 31, 2023. In addition to the foregoing, all Shares shall vest immediately prior to a Change in Control.