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ORION ENERGY SYSTEMS, INC. — Director's Dealing 2011
Jun 6, 2011
34783_dirs_2011-06-06_91ad3593-d976-4ee4-9215-9d2110b25f28.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ORION ENERGY SYSTEMS, INC. (OESX)
CIK: 0001409375
Period of Report: 2011-06-02
Reporting Person: Gaumer Richard (Executive Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-06-02 | Common Stock | P | 500 | $3.999 | Acquired | 800 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options (right to buy) | $3.93 | 2021-02-04 | Common Stock (100000) | 100000 | Direct |
| Stock Options (right to buy) | $4.19 | 2021-05-23 | Common Stock (15724) | 15724 | Direct |
Footnotes
F1: Grant to reporting person of option to buy shares under the 2004 Stock and Incentive Awards Plan. This option, granted February 4, 2011, vests and becomes exercisable in 20% increments on February 4, 2012, 2013, 2014, 2015 and 2016, respectively
F2: The option will vest and become exercisable immediately only if the Issuer satisfies certain financial performance criteria relating to revenues, net income and free cash flow during the fiscal year ending March 31, 2012, and if the Issuer's stock price equals or exceeds $5.00 per share for at least 20 trading days during any 90-day period during the option's ten-year term.