Filing Details

Accession Number:
0001179110-22-003198
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-06-02 19:38:15
Reporting Period:
2022-06-01
Accepted Time:
2022-06-02 19:38:15
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1046995 Emagin Corp EMAN Semiconductors & Related Devices (3674) 561764501
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1736733 Joseph Saltarelli 700 South Drive, Suite 201
Hopewell Junction NY 12533
Vp No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2022-06-01 5,839 $0.00 18,150 No 4 M Direct
Common Stock Disposition 2022-06-01 2,458 $0.67 15,692 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Restricted Stock Units Acquisiton 2022-06-01 5,839 $0.00 5,839 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
29,197 No 4 M Direct
Footnotes
  1. The Reporting Person received Restricted Stock Units ("RSUs") that represent a contingent right to receive one share of Common Stock for each RSU upon the satisfaction of applicable vesting conditions. The shares were issued pursuant to vested RSUs.
  2. The sales reported represent shares of Common Stock required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. These sales are mandated by the issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
  3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $0.651 to $0.685 per share, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon written request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  4. Represents the settlement of vested RSUs. The Reporting Person was previously granted 35,036 RSUs that represent a contingent right to receive one share Common Stock for each RSU. Half, or 17,518 of the previously granted RSU's are performance based and vest over a three-year period subject to achievement of certain performance conditions. The remaining RSUs are subject to a three-year service-based vesting requirement, vesting in equal installments over the three years. 1/3 of the service-based RSUs vested on June 1, 2022 and the remaining RSUs will vest in equal installments over the remaining two years, subject to the Reporting Person's continuous service with the issuer.