AROTECH CORP 4
4 · AROTECH CORP · Filed Jan 20, 2015
Insider Transaction Report
Form 4
AROTECH CORPARTX
Paup Thomas J
Vice President-Finance and CFO
Transactions
- Exercise/Conversion
Restricted Stock Units
2015-01-20−25,000→ 110,000 totalExercise: $0.00From: 2014-12-31Exp: 2024-12-31→ Common Stock (25,000 underlying) - Tax Payment
Common Stock
2015-01-15$2.47/sh−8,700$21,489→ 241,896 total - Exercise/Conversion
Common Stock
2015-01-20+25,000→ 266,896 total
Footnotes (5)
- [F1]Sale of shares in order to pay tax on vested restricted stock units.
- [F2]Does not include 110,000 unvested restricted stock units, the vesting of 90,000 of which is subject to future performance criteria.
- [F3]Issuance of shares upon vesting of restricted stock units.
- [F4]Each restricted stock unit represents a contingent right to receive one share of common stock.
- [F5]Removal of restrictions and issuance of stock on 01/20/2015 due to vesting of restricted stock units on 12/31/2014.