DAVENPORT JOHN 4
4 · ENERGY FOCUS, INC/DE · Filed Feb 17, 2009
Insider Transaction Report
Form 4
DAVENPORT JOHN
DirectorPresident
Transactions
- Award
Stock Options for Common Stock
2009-02-10+25,000→ 384,000 totalExercise: $0.75Exp: 2019-02-10→ Common Stock (25,000 underlying)
Footnotes (2)
- [F1]These options are performance-based and will only be exercisable based upon (2) below if and only if Energy Focus, Inc. meets specific financial performance criteria. If these conditions are not met, then the stock options will be forfeited.
- [F2]Twenty-five percent become exercisable on February 10, 2010, and the remaining 75% become exercisable monthly in equal amounts over the following 36 months.