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KOPIN CORP — Director's Dealing 2015
Feb 18, 2015
33037_dirs_2015-02-18_2d645287-b3d1-4cf7-8d54-a28fb19bb6be.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: 2015-02-13
Reporting Person: FAN JOHN C C (CEO & President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-02-13 | Common Stock | A | 350000 | $0.00 | Acquired | 3278335 | Direct |
| 2015-02-13 | Common Stock | D | 260000 | $0.00 | Disposed | 3018335 | Direct |
| 2015-02-13 | Common Stock | A | 260000 | $0.00 | Acquired | 3278335 | Direct |
Footnotes
F1: Restricted stock vests 33%, 33% and 34% on each of the three successive December 10 dates following the date of grant (2/13/15) and are subject to restrictions pursuant to the terms of the Issuer's 2010 Equity Incentive Plan.
F2: On September 12, 2011 the Company granted Dr. Fan 260,000 shares of restricted stock which vest upon the first 10 consecutive trading day period following the grant during which the Company's common stock trades at a price equal to or greater than $5.25 subject to acceleration upon the occurrence of an acceleration event. This grant was originally set to terminate on September 12, 2016. On December 31, 2014 Dr. Fan entered into a 3 year employment agreement with the Company which expires on December 31, 2017. The Company has amended the September 12, 2016 grant to now terminate on December 31, 2017.