Harris Michael W 4
4 · ORION ENERGY SYSTEMS, INC. · Filed May 25, 2011
Insider Transaction Report
Form 4
Harris Michael W
Chief Financial Officer
Transactions
- Award
Stock Options (right to buy)
2011-05-23+17,960→ 17,960 totalExercise: $4.19Exp: 2021-05-23→ Common Stock (17,960 underlying) - Award
Stock Options (right to buy)
2011-05-23+58,000→ 58,000 totalExercise: $4.19Exp: 2021-05-23→ Common Stock (58,000 underlying)
Holdings
- 1,820(indirect: By IRA)
Common Stock
- 1,812(indirect: By Spouse)
Common Stock
- 50,000
Stock Options (right to buy)
Exercise: $3.45Exp: 2020-11-01→ Common Stock (50,000 underlying)
Footnotes (3)
- [F1]The option will vest and become exercisable immediately only if the Issuer satisfies certain financial performance criteria relating to revenues, net income and free cash flow during the fiscal year ending March 31, 2012, and if the Issuer's stock price equals or exceeds $5.00 per share for at least 20 trading days during any 90-day period during the option's ten-year term.
- [F2]Grant to reporting person of option to buy shares under the 2004 Stock and Incentive Awards Plan. This option, granted May 23, 2011, vests and becomes exercisable in 20% increments on May 23, 2012, 2013, 2014, 2015 and 2016, respectively.
- [F3]Grant to reporting person of option to buy shares under the 2004 Stock and Incentive Awards Plan. This option, granted November 1, 2010, vests and becomes exercisable in 20% increments on November 1, 2011, 2012, 2013, 2014 and 2015, respectively.