Sec Form 4 Filing - Miller Carleton M @ Vislink Technologies, Inc. - 2023-12-19

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
Miller Carleton M
2. Issuer Name and Ticker or Trading Symbol
Vislink Technologies, Inc. [ VISL]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
(Last) (First) (Middle)
C/O VISLINK TECHNOLOGIES, INC., 350 CLARK DRIVE, SUITE 125
3. Date of Earliest Transaction (MM/DD/YY)
12/19/2023
(Street)
MT. OLIVE, NJ07828
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 12/19/2023 F 30,006 ( 1 ) D $ 4.59 210,079 ( 2 ) D
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
Option to Purchase (Performance-Vested) $ 34.2 12/21/2023 D( 3 ) 12,500 ( 4 ) 01/22/2030 Common Stock 12,500 $ 0 0 D
Option to Purchase (Time-Vested) $ 34.2 12/21/2023 D( 3 ) 17,961 ( 5 ) 01/22/2030 Common Stock 17,961 $ 0 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Miller Carleton M
C/O VISLINK TECHNOLOGIES, INC.
350 CLARK DRIVE, SUITE 125
MT. OLIVE, NJ07828
X Chief Executive Officer
Signatures
/s/ Ira Kotel, attorney-in-fact 12/21/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Reflects the issuance of 30,006 shares of Common Stock, net of shares witheld to pay taxes, upon vesting and delivery to the Reporting Person of the time-based tranche of 14,970 restricted stock units awarded in March 2021 and 23,673 restricted stock units awarded in February 2022.
( 2 )Includes 38,643 shares of Common Stock that have vested pursuant to previously issued restricted stock units; also includes an additional 82,124 shares of Common Stock issuable pursuant to restricted stock units that will potentially vest by December 1, 2026. All such vested and unvested shares were previously reported on a Form 4 at the time of grant.
( 3 )On December 21, 2023, the Reporting Person voluntarily agreed to relinquish a previously issued option to purchase 30,461 shares of Common Stock granted to the Reporting Person on January 22, 2020, which includes 12,500 Performance-Vested Options and 17,961 Time-Vested Options.
( 4 )The Performance-Vested Option would have vested in three equal tranches of 500,000 shares upon the Issuer's attainment, on or before the fifth anniversary of the award date, of specified cumulative EBITDA performance conditions in the Option Agreement dated as of January 22, 2020, subject in each case to the Reporting Person's continued employment by the Issuer on the applicable vesting date. None of these options have vested.
( 5 )The Time-Vested Option would have become exercisable in full by January 22, 2024.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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