SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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*
Martel Gregory

(Last) (First) (Middle)
C/O INTEST CORP
804 EAST GATE DRIVE

(Street)
MT LAUREL NJ 08054

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/09/2022
3. Issuer Name and Ticker or Trading Symbol
INTEST CORP [ INTT ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP&GM-Environmental Tech
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 17,000(1) D
Common Stock 47.963 I(2) By Plan
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) (3) 03/11/2028 Common Stock 2,350 $8.45 D
Employee Stock Option (right to buy) (4) 05/13/2029 Common Stock 5,150 $5.31 D
Common Stock (5) 04/28/2030 Common Stock 2,250 $3.2 D
Employee Stock Option (right to buy) (6) 04/27/2031 Common Stock 10,000 $13.13 D
Explanation of Responses:
1. Consists of (1) 3,100, 3,400, 1,100 and 3,500 shares granted pursuant to the Issuer's Amended and Restated 2014 Stock Plan (the "Stock Plan") on March 12, 2018, May 14, 2019, April 29, 2020 and April 28, 2021, respectively, each of which vested 25% annually commencing on the first anniversary of the grant date; and (2) 6,000 shares granted pursuant to the Stock Plan which vest on March 10, 2024 dependent on certain performance criteria. The maximum number of shares that may vest pursuant to the performance criteria is 9,000.
2. The information in this report is based on information provided by a third-party Trustee of the inTEST Corporation Incentive Savings Plan (the "Plan") as of February 28, 2022. Actions by the Trustee of the Plan to maintain overall Plan liquidity targets over time will result in periodic fluctuations in the number of shares of inTEST Common Stock held by the Plan and allocated among the participants of the Plan (including the reporting person) and are not the result of volitional or discretionary actions of the reporting person.
3. Stock option granted on March 12, 2018 pursuant to the Stock Plan and will vest 25% annually commencing on March 12, 2019.
4. Stock option granted on May 14, 2019 pursuant to the Stock Plan and will vest 25% annually commencing on the May 14, 2020.
5. Stock option granted on April 29, 2020 pursuant to the Stock Plan and will vest 25% annually commencing on April 29, 2021.
6. Stock option granted on April 28, 2021 pursuant to the Stock Plan and will vest 25% annually commencing on April 28, 2022.
/s/ Gregory Martel 03/28/2022
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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