Bernstein Edward L 4
4 · Westinghouse Solar, Inc. · Filed Oct 27, 2011
Insider Transaction Report
Form 4
Bernstein Edward L
Director
Transactions
- Award
Stock Option (Right to Buy)
2011-10-25+12,500→ 25,000 totalExercise: $0.75From: 2012-01-25Exp: 2016-10-24→ Common Stock (12,500 underlying) - Award
Common Stock, $0.001 par value
2011-10-25$0.75/sh+40,000$30,000→ 50,026 total
Footnotes (3)
- [F1]Consists of 40,000 shares of restricted common stock granted to Mr. Bernstein on October 25, 2011. These shares are scheduled to vest in equal quarterly installments on January 25, 2012, April 25, 2012, July 25, 2012 and October 25, 2012. Mr. Bernstein 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 quarterly installments on January 25, 2012, April 25, 2012, July 25, 2012 and October 25, 2012, subject to forfeiture in accordance with the terms of the grant.
- [F3]Amount reported reflects a 1 for 4 reverse stock split effective April 13, 2011.