JONES SUSAN K 4
4 · EMAGIN CORP · Filed May 22, 2009
Insider Transaction Report
Form 4
EMAGIN CORPEMAN
JONES SUSAN K
Chief Business Officer and Sec
Transactions
- Other
Common Stock (Right to sell)
2009-05-22−500,000→ 54,060 total(indirect: By Spouse)→ Common Stock (500,000 underlying)
Footnotes (2)
- [F1]On 1/11/07, Gary Jones (the "Pledger") pledged 500,000 shares of Common Stock for a loan (the "Loan") from a non-affiliated lender (the "Lender"). The loan provided that if an event of default occurs, the Lender has the right to foreclose and sell the pledged shares to satisfy the balance of the amount owed; however, the Pledger would not generally be liable for any deficiency if the pledged shares, or proceeds from the sale thereof, were not sufficient to satisfy in full all amounts owed. Upon notice of default the Pledger has the right to recover the stock by repaying the loan with interest. The Pledger has not received a notice of default but does not intend to recover the pledged shares and hereby voluntarily disclaims beneficial ownership of such shares.
- [F2]This figure represents shares owned by Gary Jones and Susan Jones who are married to one another. In addition Susan Jones holds 80,655 stock options.