PARKERVISION, INC. (NASDAQ:PRKR) Files An 8-K Entry into a Material Definitive Agreement

On December 7, 2016, ParkerVision, Inc. (the “Company”) entered into indemnification agreements with Frank N. Newman and Paul A. Rosenbaum, whose appointments are discussed below. The form of the Company’s standard director indemnification agreement is included at Exhibit 10.1 of the Quarterly Report on Form 10-Q for the period ended September 30, 2002.

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Directors; and Compensatory Arrangements of Certain Officers.

Effective December 7, 2016, the Board of Directors of the Company voted to increase the size of the Board from seven to nine members. Effective the same date, the Board appointed Frank N. Newman and Paul A. Rosenbaum to fill the newly created vacancies on the Company’s board of directors. Mr. Newman will serve as a Class II director and Mr. Rosenbaum will serve as a Class III director.

In connection with the appointment, Mr. Newman and Mr. Rosenbaum will each be granted, to the Company’s 2011 Performance Equity Plan, an option to purchase 50,000 shares of the Company’s common stock and 50,000 restricted stock units (“RSUs”). In accordance with the Company’s equity award policy, these awards will be granted effective December 15, 2016 and the exercise price of the option will be equal to the closing price of the Company’s common stock on that date. Twenty percent (20%) of the awards, or 10,000 share options and 10,000 RSUs will be vested immediately upon grant. The remaining 40,000 share options and 40,000 RSUs will vest in eight equal quarterly increments beginning March 15, 2017 through December 15, 2018. Both Mr. Newman and Mr. Rosenbaum waived all cash fees for director and committee service through December 2018.

The Board has not yet finalized the committees of the Board on which Messrs. Newman and Rosenbaum will serve, but intends to announce such determination by an amendment to this Current Report when made.

The Company issued a press release announcing the increase in the size of the Company’s Board of Directors and the appointment of Messrs. Newman and Rosenbaum, which is filed herewith as Exhibit 99.1.

Item 9.01 — Financial Statements and Exhibits

(d) Exhibits

99.1 Press release, dated December 8, 2016.

About PARKERVISION, INC. (NASDAQ:PRKR)
ParkerVision, Inc. is engaged in the designing, developing and marketing of its radio frequency (RF) technologies and products. The Company’s business is focused on the development and marketing of its RF technologies for mobile and other wireless applications. Its products include a modulator/demodulator component that incorporates its technologies, as well as a small number of supporting components that are used in the assembly of wireless devices. Its products are used in wireless communication products and applications. In addition, it offers engineering design and consulting services to third parties to assist them in developing and testing products. Its technologies represent methods for processing RF waveforms in wireless applications. Its technologies apply to both transmit and receive functions of transmitters, receivers and transceivers. A portion of its transmit technology is marketed as Direct2Power (d2p) and its receiver technology is marketed as Direct2Data (d2d). PARKERVISION, INC. (NASDAQ:PRKR) Recent Trading Information
PARKERVISION, INC. (NASDAQ:PRKR) closed its last trading session down -0.03 at 2.18 with 296,072 shares trading hands.