0001437749-22-007274.txt : 20220325
0001437749-22-007274.hdr.sgml : 20220325
20220325200950
ACCESSION NUMBER: 0001437749-22-007274
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: Wager Lisa
CENTRAL INDEX KEY: 0001862056
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40385
FILM NUMBER: 22772948
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
0001862056
Wager Lisa
100 BURTT ROAD, SUITE 115
ANDOVER
MA
01810
1
Corporate Secretary, CGO
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 grant of restricted stock units ("Units") consisted 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"). The Reporting Person must remain in service to the Company through August 31, 2023 for any Units to vest. The Reporting Person 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
2022-03-25