4//SEC Filing
Hilliard Eric 4
Accession 0001209191-11-004903
CIK 0000924168other
Filed
Jan 24, 7:00 PM ET
Accepted
Jan 25, 4:54 PM ET
Size
6.3 KB
Accession
0001209191-11-004903
Insider Transaction Report
Form 4
Hilliard Eric
Chief Operating Officer
Transactions
- Award
Common Stock
2011-01-03$0.96/sh+9,896$9,500→ 42,488 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.
Documents
Issuer
ENERGY FOCUS, INC/DE
CIK 0000924168
Entity typeother
Related Parties
1- filerCIK 0001381095
Filing Metadata
- Form type
- 4
- Filed
- Jan 24, 7:00 PM ET
- Accepted
- Jan 25, 4:54 PM ET
- Size
- 6.3 KB