SEC Filing | Luna Innovations Inc

View:

SEC FORM 4 SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

SPIEGEL GARY

(Last)

(First)

(Middle)

301 1ST STREET, SW

SUITE 200

(Street)

ROANOKE

24011

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
LUNA INNOVATIONS INC [ LUNA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2024

4. 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

Rule 10b5-1(c) Transaction Indication

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Units	⁽¹⁾	01/02/2024		A		617.65⁽²⁾		⁽³⁾	⁽³⁾	Common Stock	617.65	$0	37,053.04	D
Stock Units	⁽¹⁾	01/02/2024		A		220.59⁽⁴⁾		⁽³⁾	⁽³⁾	Common Stock	220.59	$0	37,273.63	D
Stock Units	⁽¹⁾	01/02/2024		A		73.53⁽⁵⁾		⁽³⁾	⁽³⁾	Common Stock	73.53	$0	37,347.16	D
Stock Units	⁽¹⁾	01/02/2024		A		73.53⁽⁶⁾		⁽³⁾	⁽³⁾	Common Stock	73.53	$0	37,420.69	D

Explanation of Responses:

1. Stock Units are convertible into issuer's common stock on a 1-for-1 basis.

2. This grant was made pursuant to the issuer's non-employee director compensation policy, as compensation for Mr. Spiegel's service as a member of the board of directors for the period from January 1, 2024 to March 31, 2024. The number of restricted stock units is equal to $4,200.00, the portion of their fees the Reporting person elected to receive in stock units, divided by $6.80, the closing price of the issuer's common stock on the Nasdaq Capital Market January 2, 2024, the first trading day of the quarter.

3. The stock units become issuable in common stock of the issuer at the election of the Reporting Person upon the earliest to occur of the Reporting Person's termination of service, a change in control of the issuer, an unforeseeable emergency, or a fixed selected by the Reporting Person. The units have no expiration date.

4. This grant was made pursuant to issuer's non-employee director compensation policy, as compensation for Mr. Spiegel's service as the chairman of the compensation committee of the board of directors for the period from January 1, 2024 to March 31, 2024. The number of restricted stock units is equal to $1,500.00, the portion of their fees the Reporting Person elected to receive in stock units, divided by $6.80, the closing price of issuer's common stock on the Nasdaq Capital Market on January 2, 2024, the first trading day of the quarter.

5. This grant was made pursuant to issuer's non-employee director compensation policy, as compensation for Mr. Spiegel's service on the nominating and governance committee of the board of directors for the period from January 1, 2024 to March 31, 2024. The number of restricted stock units is equal to $500.00, the portion of their fees the Reporting Person elected to receive in stock units, divided by $6.80, the closing price of issuer's common stock on the Nasdaq Capital Market on January 2, 2024, the first trading day of the quarter.

6. This grant was made pursuant to issuer's non-employee director compensation policy, as compensation for Mr. Spiegel's service on the risk committee of the board of directors for the period from January 1, 2024 to March 31, 2024. The number of restricted stock units is equal to $500.00, the portion of their fees the Reporting Person elected to receive in stock units, divided by $6.80, the closing price of issuer's common stock on the Nasdaq Capital Market on January 2, 2024, the first trading day of the quarter.

Remarks:

	/s/ Scott A. Graeff, Attorney-In-Fact	01/03/2024
	** 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 4 (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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.