ESSES STEVEN D 4
4 · AROTECH CORP · Filed May 29, 2012
Insider Transaction Report
Form 4
AROTECH CORPARTX
ESSES STEVEN D
DirectorPresident and COO
Transactions
- Award
Common Stock
2012-05-24+75,000→ 920,480 total
Footnotes (2)
- [F1]Restricted stock issued on May 24, 2012 pursuant to Mr. Esses's employment agreement dated February 2, 2012, vesting on December 31, 2013 (1/3 based on time only and 2/3 based on performance criteria).
- [F2]Includes 150,000 unvested restricted shares, the vesting of 100,000 of which is subject to future performance criteria, and 273,973 shares issued to a trust and to be held in such trust until such time as Mr. Esses shall be entitled to payment of his severance package.