Ungerer Scott B 4
4 · COMVERGE, INC. · Filed Dec 14, 2011
Insider Transaction Report
Form 4
COMVERGE, INC.COMV
Ungerer Scott B
Director
Transactions
- Exercise/Conversion
Common Stock
2011-12-13$0.58/sh+7,500$4,350→ 43,514 total - Exercise/Conversion
Stock Option (Right to Buy)
2011-12-13$0.58/sh−7,500$4,350→ 0 totalExercise: $0.58Exp: 2011-12-14→ Common Stock (7,500 underlying)
Footnotes (2)
- [F1]These options vested over a period of four years at a rate of one-sixteenth per quarter, which period commenced on March 14, 2005 and were fully vested by December 14, 2008.
- [F2]Mr. Ungerer, a director of the Issuer, is a member of the executive board of EnerTech Capital Holding Company Manager LLC, which is the general partner of EnerTech Capital Holding Company, L.P. ("ECHC"). Under ECHC's partnership agreement, Mr. Ungerer is deemed to hold the reported common stock for the benefit of ECHC, which is entitled to hold the shares upon issuance. ECHC may be deemed the indirect beneficial owner of the shares, and Mr. Ungerer may be deemed the indirect beneficial owner of the subject common stock through his indirect interest in ECHC. Mr. Ungerer disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein.