4//SEC Filing
Breese Robert Craig 4
Accession 0001513162-13-000205
CIK 0000949428other
Filed
Mar 19, 8:00 PM ET
Accepted
Mar 20, 7:20 PM ET
Size
12.5 KB
Accession
0001513162-13-000205
Insider Transaction Report
Form 4
Breese Robert Craig
DirectorChief Executive Officer
Transactions
- Exercise/Conversion
Common Stock
2013-03-19+16,490→ 16,490 total - Sale
Common Stock
2013-03-20$2.19/sh−6,244$13,683→ 10,246 total - Award
Restricted Share Units
2013-03-20+106,241→ 106,241 total→ Common Stock (106,241 underlying) - Exercise/Conversion
Restricted Share Units
2013-03-19−16,490→ 42,402 total→ Common Stock (16,490 underlying)
Footnotes (6)
- [F1]Shares of Common Stock acquired upon settlement of Restricted Share Units (RSUs) granted March 8, 2012 pursuant to New Employee Inducement Award.
- [F2]Shares were sold to cover the reporting person's tax obligation in connection with the vesting of RSUs and conversion into shares of Common Stock.
- [F3]The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $2.18 to $2.21, inclusive. The reporting person undertakes to provide CDTI, any security holder of CDTI or the staff of the Securities and Exchange Commission upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
- [F4]Each RSU represents a contingent right to receive one share of CDTI common stock.
- [F5]RSUs vest as to 28% on March 8, 2013 and 9% quarterly thereafter, beginning June 20, 2013. RSUs will be paid to the Participant (or in the event of the Participant's death, to his or her estate) as soon as practicable following the date of vesting, but in all cases within two and one-half (2 1/2) months following the end of the Issuer's tax year that includes the date such RSUs vest. RSUs that have not vested at the time of the reporting person's termination of service, for any or no reason, will be forfeited.
- [F6]RSUs vest as to 1/3 on each the first, second and third anniversaries of the grant date. Issuance will occur on vest date subject to compliance with Issuer's Insider Trading Policy and all applicable requirements of federal, state or foreign law with respect to such securities. RSUs that have not vested at the time of the reporting person's termination of service, for any or no reason other than death, will be forfeited.
Documents
Issuer
CLEAN DIESEL TECHNOLOGIES INC
CIK 0000949428
Entity typeother
Related Parties
1- filerCIK 0001543553
Filing Metadata
- Form type
- 4
- Filed
- Mar 19, 8:00 PM ET
- Accepted
- Mar 20, 7:20 PM ET
- Size
- 12.5 KB