EFFREN GARY R 4
4 · Akeena Solar, Inc. · Filed Aug 25, 2009
Insider Transaction Report
Form 4
EFFREN GARY R
Chief Financial Officer
Transactions
- Award
Common Stock, $0.001 par value
2009-08-21$1.17/sh+22,000$25,740→ 107,000 total - Award
Stock Option (Right to Buy)
2009-08-21+350,000→ 881,918 totalExercise: $1.17From: 2010-08-21Exp: 2014-08-20→ Common Stock (350,000 underlying)
Footnotes (2)
- [F1]These shares of common stock were granted pursuant to the Akeena Solar, Inc. 2006 Stock Incentive Plan (the ?Plan?) on August 21, 2009. These shares are scheduled to vest in equal quarterly installments over a one year period from the date of grant. Mr. Effren is entitled to vote such restricted shares, subject to forfeiture in accordance with the terms of the grant.
- [F2]Consists of non-qualified stock options granted pursuant to the Plan, which shall vest in equal annual installments over a period of three years, subject to forfeiture in accordance with the terms of the grant.