WJ COMMUNICATIONS INC 4
4 · WJ COMMUNICATIONS INC · Filed May 31, 2006
Insider Transaction Report
Form 4
DIAMOND BRUCE
DirectorPresident and CEO
Transactions
- Tax Payment
Common Stock
2006-05-30$2.14/sh−4,942$10,576→ 988,235 total
Footnotes (2)
- [F1]This amount represents the number of shares withheld by the Company to cover tax withholding obligations of the reporting person arising pursuant to a vesting of a portion of the award. The restricted stock vests ratably on a monthly basis over a thirty-six month period following the date of grant of July 29, 2005.
- [F2]This amount represents the following items for the reporting person;(a) 9,398 shares acquired pursuant to the terms of the Companys Employee Stock Purchase plan; (b) An award of 500,000 shares of restricted stock that shall vest soley based on meeting performance criteria; (c) An award of 500,000 shares of restricted stock offset by 51163 shares withheld by the Company to cover tax withholding obligations of vested shares. This restricted award vests ratably over a thirty-six month period following the date of grant of July 29,2005 ; (d) 30,000 shares purchased in various open market transactions