MICHAEL I. SCHAFFER - 13 May 2021 Form 4 Insider Report for PSYCHEMEDICS CORP (PMD)

Role
VP of Laboratory Operations
Signature
Patrick J. Kinney, Jr. as attorney-in-fact for Michael I. Schaffer
Issuer symbol
PMD
Transactions as of
13 May 2021
Transactions value $
$0
Form type
4
Filing time
14 May 2021, 18:02:17 UTC
Next filing
16 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PMD Common Stock, $.005 Par Value Award $0 +4.5K +15.52% $0.00 33.5K 13 May 2021 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units that are to be settled solely in shares of Common Stock. The units vest with respect to 25% of the shares on the first anniversay date of the grant, and with respect to an additional 25% on each of the three anniversary dates thereafter, so long as the recipient remains in the continuous employ of the Issuer through each such respective vesting date,