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KOPIN CORP — Director's Dealing 2008
Apr 2, 2008
33037_dirs_2008-04-01_5f14fe35-388d-4700-ba65-e7975661fbfb.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: KOPIN CORP (KOPN)
CIK: 0000771266
Period of Report: 2008-03-28
Reporting Person: TSAUR BOR YEU (Senior Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2008-03-28 | Common Stock | F | 1826 | $2.73 | Disposed | 74585 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2008-03-28 | Employee Stock Option (right to buy) | $10.50 | D | 24000 | Disposed | 2009-10-29 | Common Stock (24000) | Direct |
| 2008-03-28 | Employee Stock Option (right to buy) | $18.88 | A | 24000 | Acquired | 2009-10-29 | Common Stock (24000) | Direct |
| 2008-03-28 | Employee Stock Option (right to buy) | $23.81 | D | 80000 | Disposed | 2010-04-12 | Common Stock (60000) | Direct |
| 2008-03-28 | Employee Stock Option (right to buy) | $27.25 | A | 80000 | Acquired | 2010-04-12 | Common Stock (60000) | Direct |
| 2008-03-28 | Employee Stock Option (right to buy) | $10.25 | D | 40000 | Disposed | 2010-11-30 | Common Stock (50000) | Direct |
| 2008-03-28 | Employee Stock Option (right to buy) | $13.00 | A | 40000 | Acquired | 2010-11-30 | Common Stock (40000) | Direct |
| 2008-03-28 | Employee Stock Option (right to buy) | $5.04 | D | 40000 | Disposed | 2011-04-17 | Common Stock (40000) | Direct |
| 2008-03-28 | Employee Stock Option (right to buy) | $12.16 | A | 40000 | Acquired | 2011-04-17 | Common Stock (40000) | Direct |
| 2008-03-28 | Employee Stock Option (right to buy) | $9.39 | D | 20000 | Disposed | 2011-09-17 | Common Stock (20000) | Direct |
| 2008-03-28 | Employee Stock Option (right to buy) | $14.60 | A | 20000 | Acquired | 2011-09-17 | Common Stock (20000) | Direct |
Footnotes
F1: The two reported transactions involved an amendment of an outstanding option to adjust the exercise price of the option, resulting in the deemed cancellation of the old option and the grant of the replacement option. The issuer amended certain outstanding options pursuant to a remediation plan by the issuer in connection with the issuer's review of its stock option practices and related accounting.
F2: The option is fully vested and immediately exercisable.
F3: The reporting person surrendered a portion of vested shares that were subject to a restricted stock purchase agreement as payment of withholding taxes due as a result of vesting of restricted stock.
F4: On December 29, 2006, the reporting person inadvertently filed a Form 4 reporting the surrender of 1,588 shares of common stock. Such surrender of shares had previously been reported on December 11, 2006, the initial vesting date of the restricted stock award, and was properly reported on a Form 4 filed on December 13, 2006. As a result, the reporting person's ownership was understated by 1,588 shares. This filing reflects the corrected number of shares of common stock.