BUELOW ROGER 4
4 · ENERGY FOCUS, INC/DE · Filed Jan 25, 2011
Insider Transaction Report
Form 4
BUELOW ROGER
VP and Chief Technology Office
Transactions
- Award
Common Stock
2011-01-03$0.96/sh+9,115$8,750→ 39,153 total
Footnotes (2)
- [F1]The shares are subject to forfeiture and to a restriction on transfer. Each officer will forfeit his rights in his shares if he ceases to provide service to the Company as an employee, director, or consultant prior to the closing of the first trading window after December 31, 2010, during which he does not possess material inside information about the Company, other than cessation of service as a result of (i) his death or (ii) his total and permanent disability, or (iii) within three months after a change in control of the Company. Should the officer cease to provide service to the Company as a result of any of these three items, this restriction will lapse and his shares will not be forfeited.
- [F2](Continued from footnote 1) The terms "service", "total and permanent disability", and "change in control" are defined in the Company's Plan. The term "trading window" means the first twenty calendar days after the second business day following public disclosure of the Company's quarterly or annual financial results. Before the forfeiture provision lapses by its terms, or by the officer's earlier death or total and permanent disability, or by his leaving the service of the company within three months after change in control, the officer is not allowed to transfer any interest in his shares. Any attempt to transfer the shares will be ineffective.