Gaumer Richard 4
4 · ORION ENERGY SYSTEMS, INC. · Filed Jun 6, 2011
Insider Transaction Report
Form 4
Gaumer Richard
Executive Vice President
Transactions
- Purchase
Common Stock
2011-06-02$4.00/sh+500$2,000→ 800 total(indirect: By Spouse)
Holdings
- 100,000
Stock Options (right to buy)
Exercise: $3.93Exp: 2021-02-04→ Common Stock (100,000 underlying) - 15,724
Stock Options (right to buy)
Exercise: $4.19Exp: 2021-05-23→ Common Stock (15,724 underlying)
Footnotes (2)
- [F1]Grant to reporting person of option to buy shares under the 2004 Stock and Incentive Awards Plan. This option, granted February 4, 2011, vests and becomes exercisable in 20% increments on February 4, 2012, 2013, 2014, 2015 and 2016, respectively
- [F2]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.