GROWITZ RAINER N 4
4 · WJ COMMUNICATIONS INC · Filed Nov 1, 2007
Insider Transaction Report
Form 4
GROWITZ RAINER N
VP Finance
Transactions
- Award
Restricted Stock Unit
2007-10-30+15,000→ 15,000 totalExercise: $0.00From: 2011-10-30→ Common Stock (15,000 underlying)
Holdings
- 52,004
Common Stock
Footnotes (3)
- [F1]Shares of common stock issued without payment upon settlement of newly vested restricted stock units.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) 6,423 shares of common stock issued without payment for vested restricted stock units offset by 2,473 shares to cover tax withholding obligations for the vested units.
- [F2]Each restricted stock unit represents a contingent right to receive one share without payment of WJ Communications Inc. common stock.
- [F3]The restricted stock units shall vest on October 30, 2011 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.