Initial Statement of Beneficial Ownership (3)
28 Dezember 2021 - 12:01AM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
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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
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Wager Lisa |
2. Date of Event Requiring Statement (MM/DD/YYYY)
5/5/2021
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3. Issuer Name and Ticker or Trading Symbol
Byrna Technologies Inc. [BYRN]
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(Last)
(First)
(Middle)
100 BURTT ROAD, SUITE 115 |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director _____ 10% Owner
___X___ Officer (give title below) _____ Other (specify below)
Chief Legal Officer / |
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(Street)
ANDOVER, MA 01810
(City)
(State)
(Zip)
| 5. If Amendment, Date Original Filed(MM/DD/YYYY)
| 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 Beneficially Owned
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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 | 164317 | D | |
| Common Stock | 270 | I | See footnote (1) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 4) | 2. Date Exercisable and Expiration Date
(MM/DD/YYYY) | 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: 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 |
| Stock Options (right to buy) | (2) | 12/30/2024 | Common Stock | 60000 | $1.9000 | D | |
| Restricted Stock Units | (3) | (3) | Common Stock | 150000 | (4) | D | |
| Explanation of Responses: |
| (1) | The reporting person is custodian for her children under the Uniform Gifts to Minors Act. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. |
| (2) | The stock options became exercisable upon issuance. |
| (3) | The restricted stock units vest as follows: (i) one-third of the RSUs have no price trigger, (ii) the second one-third of the RSUs will be triggered when BYRN's stock trades above $30.00 on a 20-day Volume Weighted Average Price ("VWAP"), (iii) the final one-third of the RSUs will be triggered when the stock trades above $40.00 on a 20-day VWAP; and (iv) the reporting person must remain employed by the Company until August 31, 2023 for the restricted stock units to vest. This amends the earlier form 3 which incorrectly stated that the first one-third of the RSU's have a $20.00 price trigger. The restricted stock units will be settled in cash or shares of BYRN common stock on or before March 15, 2024. |
| (4) | Each restricted stock unit represents a contingent right to receive one share of BYRN common stock or cash. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Wager Lisa
100 BURTT ROAD, SUITE 115
ANDOVER, MA 01810 |
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| Chief Legal Officer |
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Signatures
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| /s/ Lisa Wager | | 12/24/2021 |
| **Signature of Reporting Person | Date |
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