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KOPIN CORP — Director's Dealing 2018
Jan 3, 2018
33037_dirs_2018-01-03_32ce1b62-a149-433a-93e7-aaf4940cb941.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: 2017-12-31
Reporting Person: FAN JOHN C C (Director, CEO & President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-12-31 | Common Stock | G | 260000 | $0.00 | Disposed | 4469769 | Direct |
| 2017-12-31 | Common Stock | G | 150000 | $0.00 | Disposed | 4319769 | Direct |
| 2017-12-31 | Common Stock | G | 150000 | $0.00 | Disposed | 4169769 | Direct |
| 2017-12-31 | Common Stock | G | 640000 | $0.00 | Acquired | 4809769 | Direct |
| 2017-12-31 | Common Stock | G | 150000 | $0.00 | Acquired | 4959769 | Direct |
| 2017-12-31 | Common Stock | G | 150000 | $0.00 | Acquired | 5109769 | Direct |
Footnotes
F1: On September 12, 2011 the Kopin Corporation's Compensation Committee implemented an incentive plan comprised of 260,000 shares of restricted stock which were to vest at the end of the first 10 consecutive trading day period following the grant date during which Kopin Corporation's common stock trades at a price per share equal to or greater than $5.25. In addition, Dr. Fan was to receive the cash value of 380,000 shares of Kopin Corporation's common stock on the date the 260,000 shares of restricted stock vested. On February 13, 2015 the period to achieve the $5.25 stock price milestone was extended until December 31, 2017 to coincide with Dr. Fan's employment agreement.
F2: (continued from footnote 1) On May 9, 2015 The Kopin Corporation's Compensation Committee implemented an incentive plan comprised of 150,000 and 150,000 shares of restricted stock which were to vest at the end of the first 10 consecutive trading day period following the grant date during which Kopin Corporation's common stock trades at a price per share equal to or greater than $6.00 and $7.00, respectively. All these grants were forfeited on December 31, 2017.
F3: On December 31, 2017 the Kopin Corporation's Compensation Committee implemented an incentive plan comprised of 640,000, 150,000 and 150,000 shares of restricted stock which are to vest at the end of the first 20 consecutive trading day period following the grant date during which Kopin Corporation's common stock trades at a price per share equal to or greater than $5.25, $6.00 and $7.00, respectively. The period to achieve the stock price milestones are from January 1, 2018 through December 31, 2020.