4//SEC Filing
FAN JOHN C C 4
Accession 0000899243-18-000263
CIK 0000771266other
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 4:09 PM ET
Size
14.2 KB
Accession
0000899243-18-000263
Insider Transaction Report
Form 4
KOPIN CORPKOPN
FAN JOHN C C
President and CEO
Transactions
- Gift
Common Stock
2017-12-31−260,000→ 4,469,769 total - Gift
Common Stock
2017-12-31−150,000→ 4,169,769 total - Gift
Common Stock
2017-12-31+640,000→ 4,809,769 total - Gift
Common Stock
2017-12-31+150,000→ 4,959,769 total - Gift
Common Stock
2017-12-31−150,000→ 4,319,769 total - Gift
Common Stock
2017-12-31+150,000→ 5,109,769 total
Footnotes (3)
- [F1]On September 12, 2011 the Kopin Corporation's Compensation Committee implemented an incentive plan comprised of 260,000 shares of restricted stock which were to vest at the end of the first 10 consecutive trading day period following the grant date during which Kopin Corporation's common stock trades at a price per share equal to or greater than $5.25. In addition, Dr. Fan was to receive the cash value of 380,000 shares of Kopin Corporation's common stock on the date the 260,000 shares of restricted stock vested. On February 13, 2015 the period to achieve the $5.25 stock price milestone was extended until December 31, 2017 to coincide with Dr. Fan's employment agreement.
- [F2](continued from footnote 1) On May 9, 2015 The Kopin Corporation's Compensation Committee implemented an incentive plan comprised of 150,000 and 150,000 shares of restricted stock which were to vest at the end of the first 10 consecutive trading day period following the grant date during which Kopin Corporation's common stock trades at a price per share equal to or greater than $6.00 and $7.00, respectively. All these grants were forfeited on December 31, 2017.
- [F3]On December 31, 2017 the Kopin Corporation's Compensation Committee implemented an incentive plan comprised of 640,000, 150,000 and 150,000 shares of restricted stock which are to vest at the end of the first 20 consecutive trading day period following the grant date during which Kopin Corporation's common stock trades at a price per share equal to or greater than $5.25, $6.00 and $7.00, respectively. The period to achieve the stock price milestones are from January 1, 2018 through December 31, 2020.
Documents
Issuer
KOPIN CORP
CIK 0000771266
Entity typeother
Related Parties
1- filerCIK 0000903846
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 4:09 PM ET
- Size
- 14.2 KB