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ORION ENERGY SYSTEMS, INC. Director's Dealing 2012

Jul 11, 2012

34783_dirs_2012-07-11_4a18300b-59d6-4b91-9f40-4f3675a7f551.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: 2012-07-09

Reporting Person: Verfuerth Neal R (Director, Chief Executive Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-07-09 Common Stock J 434174 Disposed 1348687 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) $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) $2.00 2022-06-18 Common Stock (200000) 200000 Direct

Footnotes

F1: Transfer of shares to the reporting person's ex-spouse pursuant to a divorce decree.

F2: 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.

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: Grant to reporting person of option to buy shares under the 2004 Stock and Incentive Awards Plan. This option, granted June 18, 2012, vests and becomes exercisable in 20% increments on June 18, 2013, 2014, 2015, 2016 and 2017, respectively.