0001437749-22-007272.txt : 20220325 0001437749-22-007272.hdr.sgml : 20220325 20220325200904 ACCESSION NUMBER: 0001437749-22-007272 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20220323 FILED AS OF DATE: 20220325 DATE AS OF CHANGE: 20220325 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: North David CENTRAL INDEX KEY: 0001861977 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40385 FILM NUMBER: 22772943 MAIL ADDRESS: STREET 1: 100 BURTT RD. STREET 2: SUITE 115 CITY: ANDOVER STATE: MA ZIP: 01810 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Byrna Technologies Inc. CENTRAL INDEX KEY: 0001354866 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690] IRS NUMBER: 711050654 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 BUSINESS ADDRESS: STREET 1: 100 BURTT ROAD STREET 2: SUITE 115 CITY: ANDOVER STATE: MA ZIP: 01810 BUSINESS PHONE: 978-868-5011 MAIL ADDRESS: STREET 1: 100 BURTT ROAD STREET 2: SUITE 115 CITY: ANDOVER STATE: MA ZIP: 01810 FORMER COMPANY: FORMER CONFORMED NAME: Security Devices International Inc. DATE OF NAME CHANGE: 20060301 4 1 rdgdoc.xml FORM 4 X0306 4 2022-03-23 0001354866 Byrna Technologies Inc. BYRN 0001861977 North David 100 BURTT ROAD, SUITE 115 ANDOVER MA 01810 1 Chief Financial Officer Restricted Stock Unit 2022-03-23 4 D 0 75000 0 D 2023-08-31 Common Stock 75000 75000 D Option (right to buy) 9.23 2022-03-23 4 A 0 75000 0 A 2032-03-23 Common Stock 75000 75000 D Each restricted stock unit represents the right to receive one share of common stock. The original grants of restricted stock units ("Units") consisted of a total of 50,000 Units with no performance trigger, 50,000 Units with a $30 20-day VWAP performance trigger ("$30 Trigger"), and 50,000 Units with a $40 20-day VWAP performance trigger ("$40 Trigger"). Employee must remain in service to the Company through December 1, 2023 for any Units to vest. Employee has agreed to an amendment of the original Restricted Stock Unit Agreement, approved by the Board, to provide for cancellation of half the Units, consisting of all Units with a $40 Trigger and 25,000 Units with a $30 Trigger, in exchange for a grant of an equal number of options as described herein. One third of the grant (the "Option Shares") will vest and become exercisable on 3/23/23 (the "Year Anniversary"); the balance of the Option Shares will vest in eight (8) quarterly, consecutive, and equal installments thereafter, beginning on the first calendar day of the fiscal quarter immediately following the Year Anniversary, until all Option Shares are fully vested. /s/ Lisa Wager by Power of Attorney 2022-03-25