Mark Ruport - Aug 11, 2021 Form 4 Insider Report for SIGMA LABS, INC. (SASI)

Signature
/s/ Mark K. Ruport
Stock symbol
SASI
Transactions as of
Aug 11, 2021
Transactions value $
$0
Form type
4
Date filed
8/13/2021, 07:00 PM
Next filing
Nov 1, 2021

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 SASI Stock Option (right to buy) Award $0 +51.8K $0.00 51.8K Aug 11, 2021 Common Stock 51.8K $3.42 Direct F1
transaction SASI Stock Appreciation Right Award $0 +77.7K $0.00 77.7K Aug 11, 2021 Common Stock 77.7K $3.42 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock option will vest and become exercisable as follows: (i) 25% of the option vested on the grant date (i.e., August 11, 2021), and (ii) the balance of the option will vest in equal (as closely as possible) monthly installments over three years from the grant date, subject, in each case, to the Reporting Person being in the continuous employ of the Issuer on the applicable vesting date.
F2 The stock appreciation right ("SAR") is payable in cash only, and vests as follows: (i) 25% of the SAR vested on the grant date (i.e., August 11, 2021), and (ii) the balance of the SAR will vest in equal (as closely as possible) monthly installments over three years from the grant date, subject, in each case, to the Reporting Person being in the continuous employ of the Issuer on the applicable vesting date.