von Estorff Eric 4
4 · ORION ENERGY SYSTEMS, INC. · Filed Mar 18, 2010
Insider Transaction Report
Form 4
von Estorff Eric
VP, Gen Counsel and Secretary
Transactions
- Exercise/Conversion
Common Stock
2010-03-18$1.50/sh+10,000$15,000→ 170,000 total - Exercise/Conversion
Stock Options (right to buy)
2010-03-18−10,000→ 0 totalExercise: $1.50Exp: 2013-05-01→ Common Stock (10,000 underlying) - Exercise/Conversion
Common Stock
2010-03-16$1.50/sh+10,000$15,000→ 170,000 total - Sale
Common Stock
2010-03-16$5.26/sh−10,000$52,629→ 160,000 total - Sale
Common Stock
2010-03-18$5.50/sh−10,000$55,000→ 160,000 total - Exercise/Conversion
Stock Options (right to buy)
2010-03-16−10,000→ 10,000 totalExercise: $1.50Exp: 2013-05-01→ Common Stock (10,000 underlying)
Holdings
- 40,000
Stock Options (right to buy)
Exercise: $2.20Exp: 2016-12-20→ Common Stock (40,000 underlying)
Footnotes (4)
- [F1]The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 19, 2010.
- [F2]The price in Column 4 is a weighted average price. The prices actually received ranged from $5.25 to $5.2958. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price.
- [F3]Grant to reporting person of option to buy shares under the 2003 Stock Option Plan. This option, granted May 1, 2003, vests and becomes exercisable in 20% increments on March 31, 2005, 2006, 2007, 2008 and 2009, respectively.
- [F4]Grant to reporting person of option to buy shares under the 2004 Equity Incentive Plan. This option, granted December 20, 2006, vests and becomes exercisable in 20% increments on December 20, 2007, 2008, 2009, 2010 and 2011, respectively.