WJ COMMUNICATIONS INC 4
4 · WJ COMMUNICATIONS INC · Filed Nov 6, 2007
Insider Transaction Report
Form 4
DIAMOND BRUCE
DirectorPresident and CEO
Transactions
- Award
Common Stock
2007-11-02$0.83/sh+10,505$8,751→ 851,652 total
Footnotes (2)
- [F1]These shares were acquired by the reporting person subject to the terms of the Company's Employee Stock Purchase Plan.
- [F2]This amount represents the following items for the reporting person;(a) 34,129 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 89,375 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 158,354 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) 72,434 shares of common stock issued without payment for vested restricted stock units offset by 37,182 shares to cover tax withholding obligations for the vested units; (e) 30,000 shares purchased in various open market transactions.