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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option (right to buy) | $ 1.01 | 06/05/2018 | A | 20,000 | (5) | 05/25/2020 | Common Stock | 20,000.00 | $ 1.01 | 20,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Tidball Cameron M. 321 SOUTH 1250 WEST SUITE 1 LINDON, UT 84042 |
Co-CEO |
Todd Fugal as attorney-in-fact for Cameron M. Tidball | 04/08/2022 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | On April 6, 2022, the Compensation Committee of the Board of Directors approved a Restricted Stock Unit Award Agreement for the reporting person which which granted 76,744 restricted stock units, 25,281 of which vest on December 31, 2022, 25,581 of which vest on December 31, 2023, and 25,582 of which vest on December 31, 2024. |
(2) | Due to an administrative error the reporting person inadvertently failed to report shares that were withheld for payment of the tax liability for shares awarded pursuant to a Restricted Stock Unit Award. Section 16 forms filed after the late transaction incorrectly reported total ownership, and this Form 4 is being filed to both report the late transactions and correct total ownership as of April 6, 2022. |
(3) | Due to an administrative error the reporting person inadvertently failed to report the acquisition of these shares at the time of acquisition. Section 16 forms filed after the late transaction incorrectly reported total ownership, and this Form 4 is being filed to both report the late transactions and correct total ownership as of April 6, 2022. |
(4) | Due to an administrative error the reporting person inadvertently failed to report the disposition of these shares at the time of disposition. Section 16 forms filed after the late transaction incorrectly reported total ownership, and this Form 4 is being filed to both report the late transaction and correct total ownership as of April 6, 2022. |
(5) | The option became exercisable in 33.33% annual increments on each of the first three anniversaries of May 25, 2016 |