Forcier Jason 4
4 · A123 SYSTEMS, INC. · Filed May 24, 2011
Insider Transaction Report
Form 4
Forcier Jason
VP, Automotive Group
Transactions
- Award
Common Stock
2011-05-20+40,000→ 59,783 total - Award
Stock Option (right to buy)
2011-05-20→ 50,000 totalExercise: $5.66Exp: 2021-05-20→ Common Stock (50,000 underlying) - Sale
Common Stock
2011-05-23$5.52/sh−4,945$27,319→ 54,838 total
Footnotes (6)
- [F1]Restricted stock units ("RSUs"). Upon vesting thereof, the Reporting Person is entitled to receive one (1) share of common stock for each one (1) RSU.
- [F2]25% of the RSUs will vest on May 20, 2012, and 6.25% of the total number of RSUs will vest at the end of each three-month period thereafter, so that 100% of the RSUs will be fully vested on May 20, 2015.
- [F3]Includes 54,838 RSUs.
- [F4]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- [F5]These transactions were executed in multiple trades in prices ranging from $5.50 to $5.56. The price reported in Column 4 above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide to the SEC staff, the Issuer, or a security holder of the Issuer, upon request, full information regarding the number of shares sold at each respective price within the range set forth in this footnote.
- [F6]Option vests with respect to 25% of the shares subject thereto on May 20, 2012, and 6.25% of the total shares subject to the option will vest at the end of each three-month period thereafter, such that the option will be fully vested and exercisable on May 20, 2015.