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ENERGY FOCUS, INC/DE — Director's Dealing 2013
Feb 27, 2013
35068_dirs_2013-02-27_8266c0d8-6032-4c8b-8b00-38d5843b3b04.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ENERGY FOCUS, INC/DE (EFOI)
CIK: 0000924168
Period of Report: 2013-02-26
Reporting Person: PLUSH MARK J (Chief Financial Officer and VP)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-02-26 | Stock option | $0.2349 | A | 125000 | Acquired | 2023-02-26 | Common Stock (125000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 19796 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock option | $0.54 | 2021-07-07 | Common Stock (200000) | 200000 | Direct |
| Warrants to purchase Common Stock | $0.01 | 2016-08-11 | Common Stock (125000) | 325000 | Direct |
Footnotes
F1: 25% is exercisable on the date shown, and the remaining 75% becomes exercisable monthly in equal amounts over the following 36 months.
F2: 25% of target granted options are earned if 2013 revenues meet or exceed 85% of the budget, and/or 75% of target granted options are earned if 2013 EBITDA meet or exceed 85% of budget.
F3: Options EARNED will vest as follows: 1/3 on March 31, 2014, and the remaining 2/3rd's monthly over the following 24 months ending March 31, 2016.
F4: Date applies to options EARNED. If the options granted are not EARNED, the option grants are terminated.