Sec Form 4 Filing - Martel Gregory @ INTEST CORP - 2022-04-28

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Martel Gregory
2. Issuer Name and Ticker or Trading Symbol
INTEST CORP [ INTT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
VP&GM-Environmental Tech
(Last) (First) (Middle)
C/O INTEST CORP, 804 EAST GATE DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
04/28/2022
(Street)
MT LAUREL, NJ08054
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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)
Code V Amount (A) or (D) Price
Common Stock 04/28/2022 A 3,296( 1 ) A $ 0 20,296 D
Common Stock 04/28/2022 F 219( 2 ) D $ 8.14 20,077 D
Common Stock 04/29/2022 F 63( 2 ) D $ 7.93 20,014 D
Common Stock 47.963 I( 3 ) By Plan
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Employee Stock Option (right to buy) $ 8.14 04/28/2022 A 12,284 ( 4 ) 04/27/2032 Common Stock 12,284 $ 0 12,284 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Martel Gregory
C/O INTEST CORP
804 EAST GATE DRIVE
MT LAUREL, NJ08054
VP&GM-Environmental Tech
Signatures
/s/ Gregory Martel 05/02/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The shares acquired are restricted shares issued pursuant to the Issuer's Third Amended and Restated 2014 Stock Plan (the "Stock Plan") and will vest 25% annually commencing on April 28, 2023.
( 2 )Shares withheld to satisfy tax withholding obligation applicable to the vesting of restricted shares granted by the Issuer to the reporting person. These shares were not issued to or sold by the reporting person.
( 3 )The information in this report is based on information provided by a third-party Trustee of the inTEST Corporation Incentive Savings Plan (the "Plan") as of February 28, 2022. Actions by the Trustee of the Plan to maintain liquidity targets over time will result in periodic fluctuations in the number of shares of inTEST Common Stock held by the Plan and allocated among the participants of the Plan (including the reporting person) and are not the result of volitional or discretionary actions of the reporting person.
( 4 )The option was issued pursuant to the Stock Plan and will vest 25% annually commencing on April 28, 2023.

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