Ron Hanson, ADA-ES's SVP of Operations of ADA-ES, has just filed an initial statement of beneficial ownership where 21,934 shares of ADA-ES were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Hanson. Hanson operates out of Highlands Ranch, CO. Some additional info was provided as follows:
Represents 15,111 shares of Restricted Stock (not vested and subject to transfer restrictions and forfeiture or certain repurchase rights, as applicable) and 180 shares of common stock issued pursuant to the Advanced Emissions Solutions, Inc. Amended and Restated 2010 Non-Management Compensation and Incentive Plan, as amended (the "2010 Plan") and 5,000 shares of Restricted Stock (not vested and subj
ect to forfeiture and transfer restrictions) and 978 shares of common stock issued pursuant to the Advanced Emissions Solutions, Inc. Amended and Restated 2007 Equity Incentive Plan, as amended (the "2007 Plan"). Of such amount, 15,000 and 5,000 shares will vest, if at all, on April 14, 2017 and June 12, 2017, respectively. The remaining shares of Restricted Stock will vest, if at all, on January 2, 2017.
Vesting of the Restricted Stock is subject to Mr. Hanson's continuous service with Advanced Emissions Solutions, Inc. or its related entities unless such shares vest sooner pursuant to Section 11 of the 2007 Plan or the 2010 Plan or Mr. Hanson's employment agreement.
Of the amount shown, 665 shares are held in a qualified pension plan account of the reporting person.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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