AROTECH CORP 4
4 · AROTECH CORP · Filed Feb 13, 2014
Insider Transaction Report
Form 4
AROTECH CORPARTX
Paup Thomas J
Vice President-Finance and CFO
Transactions
- Exercise/Conversion
Common Stock
2014-02-11+20,000→ 238,596 total - Exercise/Conversion
Restricted Stock Units
2014-02-11−20,000→ 115,000 totalExercise: $0.00→ Common Stock (20,000 underlying)
Footnotes (5)
- [F1]Does not include 115,000 unvested restricted stock units.
- [F2]Each restricted stock unit represents a contingent right to receive one share of common stock.
- [F3]Removal of restrictions and issuance of stock on 02/11/2014 due to vesting of restricted stock units on 12/31/2013.
- [F4]Of these restricted stock units, 40,000 restricted stock units were earned at the end of 2013 but have not yet been converted to shares, and 50,000 restricted stock units vest on the basis of future performance criteria to be established.
- [F5]Various