Moseley T Michael 4
4 · LIGHTING SCIENCE GROUP CORP · Filed Feb 13, 2013
Insider Transaction Report
Form 4
Moseley T Michael
Director
Transactions
- Exercise/Conversion
Common Stock
2012-03-19+84,034→ 182,216 total - Disposition to Issuer
Common Stock
2012-05-25−42,018→ 140,198 total - Award
Option
2012-03-14+1→ 1 totalFrom: 2012-03-14→ See Footnote - Exercise/Conversion
Option
2012-03-19−1→ 0 totalFrom: 2012-03-14→ See Footnote
Footnotes (2)
- [F1]On March 14, 2012, as compensation for the reporting person's service during 2012 as a member of the board of directors of Lighting Science Group Corporation (the "Issuer"), the Issuer's board of directors granted the reporting person an option to elect to receive either: (i) 84,034 restricted shares of the Issuer's common stock or (ii) stock options to purchase 100,000 shares of the Issuer's common stock at an exercise price of $1.19 per share (the "Option"). The Option did not have a fixed expiration date and remained outstanding until the reporting person exercised the Option on March 19, 2012, electing to receive his compensation solely in the form of restricted shares of common stock. Such restricted shares of common stock were to vest in equal quarterly installments on the first day of each calendar quarter of 2012, beginning January 1, 2012, so long as the reporting person remained a director of the Issuer on such vesting date.
- [F2]On May 25, 2012, the reporting person resigned as a director of the Issuer. As a result, 42,018 restricted shares of common stock, that were scheduled to vest in two equal installments on the first day of the third and fourth quarters of 2012, respectively, were forfeited by the reporting person pursuant to the terms of his restricted stock award agreement.