SCHWALLIE AMBROSE L 4
4 · DISTRIBUTED ENERGY SYSTEMS CORP · Filed Jan 18, 2006
Insider Transaction Report
Form 4
SCHWALLIE AMBROSE L
DirectorChief Executive Officer
Transactions
- Award
Non-Qualified Stock Options (right to buy)
2006-01-16$8.84/sh+500,000$4,420,000→ 500,000 totalExercise: $8.84From: 2010-01-16Exp: 2016-01-16→ Common Stock (500,000 underlying) - Award
Common Stock
2006-01-16$0.01/sh+100,000$1,000→ 184,841 total - Award
Common Stock
2006-01-16$8.84/sh+56,561$499,999→ 56,561 total - Award
Common Stock
2006-01-16$0.01/sh+28,280$283→ 84,841 total
Footnotes (3)
- [F1]Stock is non-transferrable for a period of one year from date of issuance.
- [F2]Shares are subject to re-acquisition rights for a period of one year from the date of issuance.
- [F3]The options vest as to 25% of the original number of shares covered by the option on each of the first four anniversaries of the grant date