4//SEC Filing
DAVENPORT JOHN 4
Accession 0001144204-10-001565
CIK 0000924168other
Filed
Jan 11, 7:00 PM ET
Accepted
Jan 12, 12:35 PM ET
Size
8.8 KB
Accession
0001144204-10-001565
Insider Transaction Report
Form 4
DAVENPORT JOHN
DirectorPresident
Transactions
- Award
Common Stock
2009-12-31$0.65/sh+76,923$50,000→ 171,642 total - Other
Stock Options for Common Stock
2009-12-31−25,000→ 359,000 totalExercise: $0.75Exp: 2019-02-10→ Common Stock (25,000 underlying)
Footnotes (3)
- [F1]The shares are subject to forfeiture and to a restriction on transfer. Each officer will forfeit his rights in his shares if he ceases to provide service to the Company as an employee, director, or consultant prior to the closing of the first trading window after June 30, 2010, during which he does not possess material inside information about the Company, other than cessation of service as a result of (i) his death or (ii) his total and permanent disability, or (iii) within three months after a change in control of the Company. Should the officer cease to provide service to the Company as a result of any of these three items, this restriction will lapse and his shares will not be forfeited. The terms "service", "total and permanent disability", and "change in control" are defined in the Company's Plan. The term "trading window" means the first twenty calendar days after the second business day following public disclosure of the Company's quarterly or annual financial results. Before the forfeiture provision lapses by its terms, or by the officer's earlier death or total and permanent disability, or by his leaving the service of the company within three months after change in control, the officer is not allowed to transfer any interest in his shares. Any attempt to transfer the shares will be ineffective.
- [F2]These options were performance-based and would only be exercisable if and only if Energy Focus, Inc. meets specific financial performance criteria. These conditions were not met, therefore the stock options are forfeited.
- [F3]Twenty-five percent were to become exercisable on February 10, 2010, and the remaining 75% become exercisable monthly in equal amounts over the following 36 months.
Documents
Issuer
ENERGY FOCUS, INC/DE
CIK 0000924168
Entity typeother
Related Parties
1- filerCIK 0001254581
Filing Metadata
- Form type
- 4
- Filed
- Jan 11, 7:00 PM ET
- Accepted
- Jan 12, 12:35 PM ET
- Size
- 8.8 KB