Statement of Changes in Beneficial Ownership (4)
August 25 2021 - 7:05PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Ballard Westervelt T. JR |
2. Issuer Name and Ticker or Trading Symbol
Stabilis Solutions, Inc.
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SLNG
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President and CEO |
(Last)
(First)
(Middle)
11750 KATY FWY, SUITE 900 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
8/23/2021 |
(Street)
HOUSTON, TX 77079
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 8/23/2021 | | A | | 250000 | A | $0 | 250000 | D | |
Common Stock | 8/23/2021 | | F | | 56642 | D | $0 | 193358 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Restricted Stock Units | (1) | 8/23/2021 | | A | | 500000 | | (2) | (3) | Common Stock | 500000.0 | $0 | 500000 | D | |
Restricted Stock Units | (1) | 8/23/2021 | | M | | | 250000 | (4) | (3) | Common Stock | 250000.0 | $0 | 250000 | D | |
Explanation of Responses: |
(1) | The Restricted Stock Units ("RSUs") were awarded to the reporting person pursuant to the Stabilis Solutions, Inc. 2019 Long Term Incentive Plan (the "LTIP"). Each RSU represents the right to receive upon vesting, one share of Stabilis Solutions, Inc. Common Stock. |
(2) | Awarded 500,000 RSUs. 250,000 vest immediately; 125,000 RSUs will vest on August 20, 2022 and 125,000 RSUs will vest on August 20, 2023 |
(3) | Unless earlier forfeited under the terms and conditions of the award agreement, the RSUs expire immediately following vesting. |
(4) | 250,000 RSUs vested immediately. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Ballard Westervelt T. JR 11750 KATY FWY, SUITE 900 HOUSTON, TX 77079 | X |
| President and CEO |
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Signatures
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/s/ Andrew Puhala, Attorney-in-Fact for Westervelt T. Ballard, Jr. | | 8/25/2021 |
**Signature of Reporting Person | Date |
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