0001437749-22-009073.txt : 20220418 0001437749-22-009073.hdr.sgml : 20220418 20220418111012 ACCESSION NUMBER: 0001437749-22-009073 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220413 FILED AS OF DATE: 20220418 DATE AS OF CHANGE: 20220418 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CLOUGH WILLIAM J CENTRAL INDEX KEY: 0001340231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35407 FILM NUMBER: 22831349 MAIL ADDRESS: STREET 1: 200 9TH AVENUE NORTH STREET 2: SUITE 210 CITY: SAFETY HARBOR STATE: FL ZIP: 34695 FORMER NAME: FORMER CONFORMED NAME: CLOUGH WILLIAM I DATE OF NAME CHANGE: 20050929 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Orbital Energy Group, Inc. CENTRAL INDEX KEY: 0001108967 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065] IRS NUMBER: 841463284 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1924 ALDINE WESTERN CITY: HOUSTON STATE: TX ZIP: 77038 BUSINESS PHONE: (832) 467 1420 MAIL ADDRESS: STREET 1: 1924 ALDINE WESTERN CITY: HOUSTON STATE: TX ZIP: 77038 FORMER COMPANY: FORMER CONFORMED NAME: CUI Global, Inc. DATE OF NAME CHANGE: 20110104 FORMER COMPANY: FORMER CONFORMED NAME: Waytronx, Inc. DATE OF NAME CHANGE: 20080131 FORMER COMPANY: FORMER CONFORMED NAME: ONSCREEN TECHNOLOGIES INC DATE OF NAME CHANGE: 20040719 4 1 rdgdoc.xml FORM 4 X0306 4 2022-04-13 0001108967 Orbital Energy Group, Inc. OEG 0001340231 CLOUGH WILLIAM J 1924 ALDINE WESTERN HOUSTON TX 77038 1 1 Exec Chairman and Gen Counsel Common Stock 2022-04-13 4 A 0 278867 A 598347 D Restricted Stock Units 2022-04-13 4 A 0 397510 2.05 A Common Stock 397510 397510 D SARs 1 2022-04-13 4 D 0 450000 1.62 D Common Stock 0 D SARs 2.89 2022-04-13 4 D 0 900000 0.88 D Common Stock 0 D RSUs were granted in connection with cancellation of previously issued cash-settled SARS. Of the RSUs granted, 457,224 were fully vested and the remaining 397,510 will vest in equal installments on the first and second anniversaries of the date of issuance. RSUs are convertible to common shares on a one-to-one basis. RSUs do not have expiration dates. Fully vested RSUs, which were immediately convertible to common stock, were issued in connection with the cancellation of previously issued cash-settled SARs. 457,224 shares were granted and 178,357 were withheld for payroll taxes. 450,000 SARs were exchanged for 355,861 RSUs, of which 323,109 were fully vested and immediately convertible into common stock and 32,752 will vest in equal installments on the first and second anniversaries of the date of issuance. 900,000 SARs were exchanged for 498,873 RSUs, of which 134,115 were fully vested and immediately convertible into common stock and 364,758 will vest in equal installments on the first and second anniversaries of the date of issuance. /s/ William F. Clough 2022-04-18