4//SEC Filing
Wallbrink Kathryn Reynolds 4
Accession 0000866970-09-000013
CIK 0000866970other
Filed
Jun 29, 8:00 PM ET
Accepted
Jun 30, 6:04 PM ET
Size
8.3 KB
Accession
0000866970-09-000013
Insider Transaction Report
Form 4
LIGHTING SCIENCE GROUP CORPLSCG.PK
Wallbrink Kathryn Reynolds
Sr. VP, Strategy and Finance
Transactions
- Award
Employee Stock Option (right to buy)
2009-06-26+65,000→ 65,000 totalExercise: $0.76Exp: 2013-06-26→ Common Stock (65,000 underlying) - Award
Common Stock
2009-06-26+55,000→ 55,000 total
Footnotes (2)
- [F1]Represents a grant of restricted stock to the Reporting Person on June 26, 2009. As long as the Reporting Person remains employed with Lighting Science Group Corporation (the "Company"), her shares of restricted stock vest as follows: (i) 18,150 vest on the date that the Company's gross revenues from the sale of products or licensing of technology ("Recognized Revenue") equals $50 million, (ii) an additional 18,700 of the shares vest on the date that the Company's Recognized Revenue equals $115 million, and (iii) the remaining 18,150 of the shares vest on the date that the Company's Recognized Revenue equals $150 million. Any restricted shares that have not vested prior to June 26, 2012 will automatically vest.
- [F2]So long as the Reporting Person remains employed with the Company, options to purchase 21,666, 21,667, and 21,666 shares vest and become exercisable on each of June 26, 2010, June 26, 2011, and June 26, 2012, respectively.
Documents
Issuer
LIGHTING SCIENCE GROUP CORP
CIK 0000866970
Entity typeother
Related Parties
1- filerCIK 0001461587
Filing Metadata
- Form type
- 4
- Filed
- Jun 29, 8:00 PM ET
- Accepted
- Jun 30, 6:04 PM ET
- Size
- 8.3 KB