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