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WJ COMMUNICATIONS INC·4

Jan 18, 4:59 PM ET

Saidi Morteza 4

4 · WJ COMMUNICATIONS INC · Filed Jan 18, 2006

Insider Transaction Report

Form 4
Period: 2006-01-17
WJ COMMUNICATIONS INCWJCI
Saidi Morteza
VP, Engineering
Transactions
  • Award

    Common Stock

    2006-01-17$0.01/sh+10,000$100→ 10,000 total
  • Award

    Stock Option (right to buy)

    2006-01-17+180,000→ 180,000 total
    Exercise: $1.64Exp: 2016-01-17→ Common Stock (180,000 underlying)
  • Award

    Stock Option (right to buy)

    2006-01-17+540,000→ 540,000 total
    Exercise: $1.64From: 2007-01-17Exp: 2016-01-17→ Common Stock (540,000 underlying)
Footnotes (3)
  • [F1]Award of Restricted Stock. These shares of restricted stock will vest on 1/17/2007.
  • [F2]25 percent of the option grant will vest on the one-year anniversary of the grant date. The balance of the options shall vest ratably over the thirty-six month period following the one-year anniversary of the grant date.
  • [F3]This option vests solely on the achievement of certain performance criteria.

Documents

1 file
  • 4
    edgar.xmlPrimary

    FORM 4 -