4//SEC Filing
WJ COMMUNICATIONS INC 4
Accession 0001179110-07-004104
CIK 0000105006operating
Filed
Feb 19, 7:00 PM ET
Accepted
Feb 20, 1:45 PM ET
Size
10.3 KB
Accession
0001179110-07-004104
Insider Transaction Report
Form 4
DIAMOND BRUCE
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Restricted Stock Unit
2007-02-15−27,380→ 338,920 totalExercise: $0.00From: 2010-08-10→ Common Stock (27,380 underlying) - Tax Payment
Common Stock
2007-02-15$1.59/sh−11,704$18,609→ 915,314 total - Exercise/Conversion
Common Stock
2007-02-15+27,380→ 927,018 total
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 items for the reporting person;(a) 16,228 shares acquired pursuant to the terms of the Company's Employee Stock Purchase plan; (b) An award of 500,000 shares of restricted stock that vest solely based on meeting performance criteria offset by 53,625 shares withheld by the Company to cover tax withholding obligations of vested shares; (c) An award of 500,000 shares of restricted stock offset by 92,965 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) 27,380 shares of common stock issued without payment for vested restricted stock units offset by 11,704 shares to cover tax withholding obligations for the vested units; (e) 30,000 shares purchased in various open market transactions.
- [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.
Documents
Issuer
WJ COMMUNICATIONS INC
CIK 0000105006
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000105006
Filing Metadata
- Form type
- 4
- Filed
- Feb 19, 7:00 PM ET
- Accepted
- Feb 20, 1:45 PM ET
- Size
- 10.3 KB