Joseph Saltarelli - Jun 1, 2022 Form 4 Insider Report for EMAGIN CORP (EMAN)

Role: Officer
Signature: /s/ Mark A. Koch, as Attorney-in-Fact
Stock symbol: EMAN
Transactions as of: Jun 1, 2022
Transactions value $: -$1,636
Form type: 4
Date filed: 6/2/2022, 07:38 PM
Previous filing: Jun 16, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EMAN	Common Stock	Options Exercise	$0	+5.84K	+47.43%	$0.00	18.2K	Jun 1, 2022	Direct	F1
transaction	EMAN	Common Stock	Sale	-$1.64K	-2.46K	-13.54%	$0.67	15.7K	Jun 1, 2022	Direct	F2, F3

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	EMAN	Restricted Stock Units	Options Exercise	$0	+5.84K	+25%	$0.00	29.2K	Jun 1, 2022	Common Stock	5.84K		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	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.
F3	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.
F4	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.