Statement of Changes in Beneficial Ownership (4)
August 31 2020 - 3:18PM
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
*
KUEHNE AARON |
2. Issuer Name and Ticker or Trading Symbol
Clarus Corp
[
CLAR
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) See Remarks |
(Last)
(First)
(Middle)
C/O CLARUS CORPORATION, 2084 EAST 3900 SOUTH |
3. Date of Earliest Transaction
(MM/DD/YYYY)
8/27/2020 |
(Street)
SALT LAKE CITY, UT 84124
(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, par value $0.0001 per share ("Common Stock") | 8/27/2020 | | A | | 100000 (1) | A | $0 | 31240 | 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 |
Stock Option (right to purchase) | $15.00 | 8/27/2020 | | A | | 300000 | | (2) | 8/27/2030 | Common Stock | 300000 | $0 | 0 | D | |
Explanation of Responses: |
(1) | Comprised of a restricted stock award granted under the Issuer's 2015 Stock Incentive Plan (the "Plan") consisting of 100,000 restricted shares of Common Stock all of which will vest if on or before August 27, 2023, the Fair Market Value (as defined in the Plan) of the Company's Common Stock shall have equaled or exceeded $15.00 per share for twenty consecutive trading days. |
(2) | The option to purchase shares of the Issuer's Common Stock was granted under the Plan. Options to purchase 100,000 shares of Common Stock shall vest and become exercisable on each of August 27, 2021, August 27, 2022, and August 27, 2023. |
Remarks: CHIEF ADMINISTRATIVE OFFICER AND CHIEF FINANCIAL OFFICER |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
KUEHNE AARON C/O CLARUS CORPORATION 2084 EAST 3900 SOUTH SALT LAKE CITY, UT 84124 |
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| See Remarks |
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Signatures
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/s/ Aaron Kuehne | | 8/31/2020 |
**Signature of Reporting Person | Date |
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