Larocca Christopher M 4
4 · EMCORE CORP · Filed Aug 24, 2012
Insider Transaction Report
Form 4
EMCORE CORPEMKR
Larocca Christopher M
Chief Operating Officer
Transactions
- Sale
Common Stock
2012-08-23$4.97/sh−1,582$7,865→ 16,465 total - Exercise/Conversion
Common Stock
2012-08-22−4,167→ 8,333 total→ Common Stock (4,167 underlying) - Exercise/Conversion
Common Stock
2012-08-22+4,167→ 18,047 total
Holdings
- 6,267(indirect: By 401(k))
Common Stock
Footnotes (8)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Emcore common stock. Restricted stock units are payable, at the election of the issuer, in cash, Emcore common stock, or a combination of the two.
- [F2]Includes 11,667 shares of restricted stock granted under the Company's 2010 Equity Incentive Plan, vesting in two equal annual installments beginning on January 28, 2013.
- [F3]All sales were effected pursuant to a 10b5-1 plan previously adopted by the Reporting Person to satisfy the Reporting Person's tax liability in connection with the vesting of shares of restricted stock that were granted under the Company's 2010 Equity Incentive Plan, which grant was exempt from Section 16b pursuant to Rule 16b-3(d).
- [F4]Reflects aggregate reporting of multiple open market transactions. The price reported is the weighted average sale price of sales ranging from $4.97 to $5.04 per share. The reporting person hereby undertakes to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each price.
- [F5]Shares attributable to EMCORE Corporation 401(k) account as of June 30, 2012.
- [F6]4,167 restricted stock units vesting on August 22, 2012
- [F7]Remaining unvested restricted stock units vest in two equal annual installments commencing on August 22, 2013. Not later than 30 days after vesting occurs, vested shares of Emcore common stock, an amount in cash equal to their fair market value or a combination of both will be delivered to the reporting person.
- [F8]The restricted stock units were awarded to the reporting person for no cash or other similar consideration.