LIGHTING SCIENCE GROUP CORP 4/A
4/A · LIGHTING SCIENCE GROUP CORP · Filed Aug 6, 2008
Insider Transaction Report
Form 4/AAmended
Rao Govi
DirectorDirector, Chairman and CEO
Transactions
- Award
Common Stock
2008-05-07$5.00/sh+375,000$1,875,000→ 375,000 total - Award
Employee stock option (Right to buy)
2008-04-17$4.90/sh+12,500$61,250→ 12,500 totalExercise: $4.90Exp: 2012-04-17→ Lighting Science Group Corporation common stock (12,500 underlying)
Footnotes (2)
- [F1]Mr. Rao received a restricted stock grant of 375,000 shares on 5/7/2008. The market price at which the grant was made was $5.00. The shares vest as follows: (i) 33% on the first date after the Grant Date that the Company's Recognized Revenue (as defined in the Restricted Stock Award Agreement) equals $50 milllion; (ii) 34% on the first date after the Grant Date that the Company's Recognized Revenue equals $115 million; and (iii) 33% on the first date after the Grant Date that the Company's Recognized Revenue equals $150 million; provided, however that any shares that have not vested under the preceding formula shall automatically vest on the third anniversary of the Grant Date.
- [F2]Mr. Rao received a grant of stock options for 12,500 shares on 4/17/2008. The exercise price of the options is $4.90 per share. The options vest at a rate of 1/3 per year beginning on the first anniversary date of the grant (4/17/09). The term of the option is four years (expires on 4/20/12).