Greg Marken, ADA-ES's Chief Accounting Officer, has just filed an initial statement of beneficial ownership where 27,466 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 Marken. Marken operates out of Highlands Ranch, CO. Some additional info was provided as follows:
Represents 20,552 shares of Restricted Stock (common stock subject to certain repurchase rights) and 1,914 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 (common stock subject to certain repurchase rights) issued pursuant to the Ad
vanced 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. Of the remaining shares, one-half will vest, if at all, on each of January 12, 2017 and January 12, 2018.
Vesting of the Restricted Stock is subject to Mr. Marken'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 2010 or Mr. Marken's employment agreement.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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