KENNEDY ROBERT F JR 4
4 · Westinghouse Solar, Inc. · Filed May 10, 2012
Insider Transaction Report
Form 4
KENNEDY ROBERT F JR
Director
Transactions
- Award
Stock Option (Right to Buy)
2012-05-08+6,250→ 210,245 totalExercise: $0.40From: 2012-06-30Exp: 2017-05-07→ Common Stock (6,250 underlying) - Award
Common Stock, $0.001 par value
2012-05-08$0.40/sh+37,500$15,000→ 54,034 total
Footnotes (2)
- [F1]Consists of 37,500 shares of restricted common stock granted to Mr. Kennedy on May 8, 2012. These shares are scheduled to vest as to 50% on June 30, 2012 and 50% on September 30, 2012. Mr. Kennedy 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 as to 50% on June 30, 2012 and 50% on September 30, 2012, subject to forfeiture in accordance with the terms of the grant.