WJ COMMUNICATIONS INC 4
4 · WJ COMMUNICATIONS INC · Filed Feb 20, 2007
Insider Transaction Report
Form 4
GROWITZ RAINER N
VP Finance
Transactions
- Exercise/Conversion
Common Stock
2007-02-15+2,549→ 50,603 total - Tax Payment
Common Stock
2007-02-15$1.59/sh−1,089$1,732→ 49,514 total - Exercise/Conversion
Restricted Stock Unit
2007-02-15−2,549→ 28,951 totalExercise: $0.00From: 2010-08-10→ Common Stock (2,549 underlying)
Footnotes (4)
- [F1]Shares of common stock issued without payment upon settlement of newly vested restricted stock units.
- [F2]This amount represents the number of shares withheld by the Company to cover tax obligations of the reporting person arising pursuant to the vesting of restricted stock units.
- [F3]This amount represents the following for the reporting person (a) Includes 43,410 shares of common stock assigned to the Growitz Family Trust, which insider and spouse have 100% control; (b) 4,644 shares of common stock acquired under the WJ Communications 2001 Employee Stock Purchase Plan; (c) 2,549 shares of common stock issued without payment for vested restricted stock units offset by 1,089 shares to cover tax withholding obligations for the vested units.
- [F4]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 received on an accelerated basis a portion of such shares at the end of the fiscal 6-month period ended 12-31-2006, based on the extent to which the Company satisfied its corporate performance objectives for that 6-month fiscal period and the extent to which the reporting person met his individual management business objectives for the period.