SEC Form 4 · accession 0001140361-15-008671
ORION ENERGY SYSTEMS, INC. · OESX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Potts
Officer — President and COO · Director
Period of report
Feb 20, 2015
Accepted (ET)
Feb 24, 2015 · 3:44 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001409375
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 20, 2015 | P | 4,286 | $3.50 | A | 524,951 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy)F2 | $2.20 | holding | — | — | — | — | Dec 20, 2016 | Common Stock | 45,000 | 45,000 | D |
| Stock Options (right to buy)F3 | $5.35 | holding | — | — | — | — | Aug 8, 2018 | Common Stock | 21,452 | 21,452 | D |
| Stock Options (right to buy)F4 | $3.78 | holding | — | — | — | — | May 19, 2019 | Common Stock | 11,759 | 11,759 | D |
| Stock Options (right to buy)F5 | $3.46 | holding | — | — | — | — | May 18, 2020 | Common Stock | 11,620 | 11,620 | D |
| Stock Options (right to buy)F6 | $2.00 | holding | — | — | — | — | Jun 18, 2022 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1These shares were purchased by the Reporting Person in an underwritten public offering at the public offering price.
- F2Grant 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.
- F3Grant 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.
- F4Grant 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.
- F5Grant 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.
- F6Grant 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.