4//SEC Filing
WJ COMMUNICATIONS INC 4
Accession 0001179110-06-016678
CIK 0000105006operating
Filed
Aug 13, 8:00 PM ET
Accepted
Aug 14, 6:24 PM ET
Size
7.6 KB
Accession
0001179110-06-016678
Insider Transaction Report
Form 4
DIAMOND BRUCE
DirectorPresident and CEO
Transactions
- Award
Restricted Stock Unit
2006-08-10+366,300→ 366,300 totalExercise: $0.00From: 2010-08-10→ Common Stock (366,300 underlying)
Holdings
- 978,376
Common Stock
Footnotes (3)
- [F1]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 61,022 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
- [F2]Each restricted stock unit represents a contingent right to receive one share of WJ Communications, Inc. common stock.
- [F3]The restricted stock units shall vest on August 10, 2010 if the reporting person has continued to be actively employed by the Company through that date. The reporting person shall have an opportunity to receive on an accelerated basis a portion of such shares at the end of each fiscal 6-month period, based on the extent to which the Company satisfies its corporate performance objectives for that 6-month fiscal period and the extent to which the reporting person has met his individual management business objectives for the period.
Documents
Issuer
WJ COMMUNICATIONS INC
CIK 0000105006
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000105006
Filing Metadata
- Form type
- 4
- Filed
- Aug 13, 8:00 PM ET
- Accepted
- Aug 14, 6:24 PM ET
- Size
- 7.6 KB