Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On January 17, 2013, ClearSign Combustion Corporation (the "Company") made the
following grants of stock options from the ClearSign Combustion Corporation 2011
Equity Incentive Plan:
Name and Title Number of Option Shares
Richard Rutkowski, Chief Executive Officer 50,000
James N. Harmon, Chief Financial Officer 13,340
Geoffrey D. Osler, Chief Marketing Officer 21,840
Joseph Colannino, Chief Technology Officer 29,730
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The exercise price of the options is $4.88, the closing price of the Company's
common stock on January 17, 2013. The options expire on December 31, 2022. The
right to purchase the option shares vests at the rate of 6.25% at the end of
each calendar quarter, beginning on March 31, 2013, and continues until the
right to purchase all of the option shares has vested.
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