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ORION ENERGY SYSTEMS, INC. — Director's Dealing 2011
Nov 17, 2011
34783_dirs_2011-11-17_03f2f028-0fd3-4368-9623-8460a9ff29bc.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: 2011-11-16
Reporting Person: Verfuerth Neal R (Director, Chief Executive Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-11-16 | Common Stock | G | 75000 | — | Disposed | 1732861 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options (right to buy) | $2.2 | 2016-12-20 | Common Stock (204546) | 204546 | Direct |
| Stock Options (right to buy) | $4.49 | 2011-07-27 | Common Stock (180958) | 180958 | Direct |
| Stock Options (right to buy) | $5.35 | 2018-08-08 | Common Stock (108911) | 108911 | Direct |
| Stock Options (right to buy) | $3.78 | 2019-05-19 | Common Stock (35276) | 35276 | Direct |
| Stock Options (right to buy) | $3.46 | 2020-05-18 | Common Stock (34207) | 34207 | Direct |
| Stock Options (right to buy) | $4.19 | 2021-05-23 | Common Stock (36166) | 36166 | Direct |
Footnotes
F1: Grant to reporting person of option to buy shares under the 2004 Equity Incentive Plan. This option, granted December 20, 2006, vests and becomes exercisable in 20% increments on December 20, 2007, 2008, 2009, 2010 and 2011, respectively.
F2: Grant to reporting person of option to buy shares under the 2004 Stock and Incentive Awards Plan. This option, granted July 27, 2007, became fully exercisable on July 27, 2008.
F3: Grant to reporting person of option to buy shares under the 2004 Stock and Incentive Awards Plan. This option, granted August 8, 2008, vests and becomes exercisable in 20% increments on August 8, 2009, 2010, 2011, 2012 and 2013, respectively.
F4: Grant to reporting person of option to buy shares under the 2004 Stock and Incentive Awards Plan. This option, granted May 19, 2009, vests and becomes exercisable in 20% increments on May 19, 2010, 2011, 2012, 2013 and 2014, respectively.
F5: Grant to reporting person of option to buy shares under the 2004 Stock and Incentive Awards Plan. This option, granted May 18, 2010, vests and becomes exercisable in 20% increments on May 18, 2011, 2012, 2013, 2014 and 2015, respectively.
F6: 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.