0001104659-20-064278.txt : 20200520 0001104659-20-064278.hdr.sgml : 20200520 20200520163028 ACCESSION NUMBER: 0001104659-20-064278 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200518 FILED AS OF DATE: 20200520 DATE AS OF CHANGE: 20200520 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HOFFMAN Robert Thurston Sr CENTRAL INDEX KEY: 0001748409 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35521 FILM NUMBER: 20898487 MAIL ADDRESS: STREET 1: 119 WARREN AVENUE CITY: SPRING LAKE STATE: NJ ZIP: 07762 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ClearSign Technologies Corp CENTRAL INDEX KEY: 0001434524 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823] IRS NUMBER: 000000000 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 12870 INTERURBAN AVENUE SOUTH CITY: SEATTLE STATE: WA ZIP: 98168 BUSINESS PHONE: (206) 673-4848 MAIL ADDRESS: STREET 1: 12870 INTERURBAN AVENUE SOUTH CITY: SEATTLE STATE: WA ZIP: 98168 FORMER COMPANY: FORMER CONFORMED NAME: CLEARSIGN COMBUSTION CORP DATE OF NAME CHANGE: 20080507 4 1 tm2020299d2_4.xml OWNERSHIP DOCUMENT X0306 4 2020-05-18 0 0001434524 ClearSign Technologies Corp CLIR 0001748409 HOFFMAN Robert Thurston Sr 12870 INTERURBAN AVENUE SOUTH SEATTLE WA 98168 1 0 0 0 Option to Purchase Common Stock 0.54 2020-05-18 4 A 0 20000 0.00 A 2020-05-18 2030-05-18 Common Stock 20000 20000 D Option to Purchase Common Stock 0.72 2020-04-01 2030-04-01 Common Stock 20000 20000 D Option to Purchase Common Stock 1.00 2029-04-01 Common Stock 86500 86500 D On May 18, 2020 the Compensation Committee of the Issuer's board of directors, in accordance with a compensation policy approved by the board of directors, approved compensation to be paid to the Issuer's non-executive directors for services provided and to be provided to the Issuer during the period from April 1, 2020 to June 30, 2020. The reporting person is a non-executive director. As compensation for their services, each non- executive director was awarded options for shares of common stock having an exercise price of $0.54. The total number of option shares awarded was based on the services provided by the director. These services include Board participation, committee participation, committee chair responsibilities and lead director responsibilities, if any. The award was issued from the Issuer's 2011 Equity Incentive Plan. The right to exercise the option and purchase the option shares vested in equal increments as follows: the right to purchase 21,625 shares vested on May 9, 2019 and the right to purchase the remaining 64,875 shares vested in equal increments on the last day of each calendar quarter during 2019. /s/ Robert T. Hoffman 2020-05-20