Sharon Sjostrom, ADA-ES's Chief Product Officer, recently acquired 20,000 shares of the company. The buys took place at $7.74 per share, on May 10, 2016. Sjostrom now owns 66,705 shares of the company. Sjostrom operates out of Highlands Ranch, CO. Some additional info was provided as follows:
Represents Restricted Stock issued pursuant to the Advanced Emissions Solutions, Inc. (the "Company") Amended and Restated 2007 Equity Incentive Plan, as amended (the "2007 Plan"). The Restricted Stock will vest on May 10, 2017 subject to continuous service with the Company or its related entities unless such shares vest sooner pursuant to Section 11 of the 2007 Plan or the reporting person's employment agreement with the Company.
The share price used is the average of the high
bid and low ask stock prices on the relevant date, calculated in accordance with the provisions of the 2007 Plan.
Of the amount shown, 16,532 shares are held in the qualified pension plan account of the reporting person and 24,180 shares are restricted stock (not fully vested and subject to certain repurchase rights under the 2007 Plan).
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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