Darnell Charles 4

4 · LIGHTING SCIENCE GROUP CORP · Filed Jan 18, 2011

Form 4

Period: 2010-12-21

Director

Transactions

Exercise/Conversion
Common Stock
2011-01-03$3.30/sh+83,333$274,999→ 100,666 total
Award
Option (Right to Buy)
2011-01-03+12,000→ 12,000 total
Exercise: $3.30Exp: 2021-01-03→ Common Stock (12,000 underlying)
Award
Option (Right to Buy)
2010-12-21+83,333→ 83,333 total
Exercise: $3.30From: 2010-12-21Exp: 2011-01-03→ Common Stock (83,333 underlying)
Exercise/Conversion
Option (Right to Buy)
2011-01-03−83,333→ 0 total
Exercise: $3.30From: 2010-12-21Exp: 2011-01-03→ Common Stock (83,333 underlying)

Footnotes (3)

[F1]The reporting person was granted an option to receive up to 83,333 shares of the Issuer's common stock for $3.30 per share in lieu of receiving $275,000 as cash compensation for serving as a non-employee director of the Issuer during the 2011 fiscal year.
[F2]The reporting person elected to receive 83,333 shares of common stock in lieu of receiving $275,000 as cash compensation for serving as a non-employee director of the Issuer during the 2011 fiscal year.
[F3]The stock options will vest in equal quarterly installments on the first trading day immediately following the end of each fiscal quarter of 2011 and are subject to the terms of Lighting Science Group Corporation's Amended and Restated Equity-Based Compensation Plan.

Documents

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