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Luna Innovations Incorporated director was just granted 8,423 restricted shares

Michael W. Wise, a director of Luna Innovations Incorporated, just received 8,423 restricted shares from the company. The restricted shares don't become available to Wise until such time as they become vested. Wise now owns at least 173,184 restricted shares of the company.

Some additional info was provided as follows:

Stock units are convertible into issuer's common stock on a 1-for-1 basis. This grant was made pursuant to issuer's non-employee director compensation policy, as compensation for Mr. Wise's service as a member of the board of directors for the period from October 1, 2015 to December 31, 2015. The number units is equal to $6,250.00 divided by $0.92, the closing price of issuer's common stock on the NASDAQ Capital Market on October 1, 2015, the firs t trading day of the...