Lawlor Patrick J 4
4 · GIGA TRONICS INC · Filed Aug 23, 2010
Insider Transaction Report
Form 4
GIGA TRONICS INCGIGA
Lawlor Patrick J
VP Finance/CFO and Secretary
Transactions
- Award
restricted stock
2010-08-17+30,000→ 108,430 total
Footnotes (1)
- [F1]The restricted stock will vest over a three-year period at a rate of 10,000 shares per year, conditional upon the Company achieving in Fiscal Year 2011 both revenue greater than $23,000,000 and operating profit greater than $2,350,000; and in FY 2012 revenue greater than $28,425,000 and operating profit greater than $3,168,000; and in FY 2013 revenue greater than $33,437,000 and operating profit greater than $3,820,000; or cumulatively acheiving revenue greater than $84,862,000 and operating profit greater than $9,338,000 at any time during the three-year period.