DAVENPORT JOHN 4
4 · ENERGY FOCUS, INC/DE · Filed Apr 1, 2011
Insider Transaction Report
Form 4
DAVENPORT JOHN
DirectorPresident
Transactions
- Other
Stock Options for Common Stock
2011-04-01−150,000→ 434,000 totalExercise: $1.02Exp: 2020-02-25→ Common Stock (150,000 underlying)
Footnotes (2)
- [F1]These options were performance-based and would only be exercisable if and only if Energy Focus, Inc. met specific financial performance criteria. These conditions were not met, therefore the stock options are forfeited.
- [F2]Twenty-five percent were to become exercisable on February 25, 2011, and the remaining 75% were to become exercisable monthly in equal amounts over the following 36 months.