WJ COMMUNICATIONS INC 4
4 · WJ COMMUNICATIONS INC · Filed Apr 30, 2008
Insider Transaction Report
Form 4
DIAMOND BRUCE
DirectorPresident and CEO
Transactions
- Tax Payment
Common Stock
2008-04-29$0.98/sh−4,915$4,841→ 778,942 total
Footnotes (2)
- [F1]This amount represents the number of shares withheld by the Company to cover tax-withholding obligations of the reporting person arising pursuant to a vesting of a portion of the award. The restricted stock vests ratably on a monthly basis over a thirty-six month period.
- [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 154,026 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 192,996 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) 117,268 shares of common stock issued without payment for vested restricted stock units offset by 55,433 shares to cover tax withholding obligations for the vested units; (e) 30,000 shares purchased in various open market transactions.