SEC Form 4 · accession 0001140361-16-052497
ORION ENERGY SYSTEMS, INC. · OESX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John H Scribante
Officer — Chief Executive Officer · Director
Period of report
Feb 12, 2016
Accepted (ET)
Feb 12, 2016 · 7:22 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 Stock | Feb 12, 2016 | P | 10,000 | $1.3249 | A | 20,000 | I | By IRA |
| Common Stock | holding | — | — | — | 387,898 | D | ||
| Common StockF1,F2 | holding | — | — | — | 84,648 | I | By TMS Trust |
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)F3 | $2.50 | holding | — | — | — | — | Jun 2, 2016 | Common Stock | 40,000 | 40,000 | D |
| Stock Options (right to buy)F4 | $5.35 | holding | — | — | — | — | Aug 8, 2018 | Common Stock | 21,452 | 21,452 | D |
| Stock Options (right to buy)F5 | $3.78 | holding | — | — | — | — | May 19, 2019 | Common Stock | 11,759 | 11,759 | D |
| Stock Options (right to buy)F6 | $3.01 | holding | — | — | — | — | Sep 1, 2019 | Common Stock | 250,000 | 250,000 | D |
| Stock Options (right to buy)F7 | $3.46 | holding | — | — | — | — | May 18, 2020 | Common Stock | 16,731 | 16,731 | D |
| Stock Options (right to buy)F8 | $2.03 | holding | — | — | — | — | Jun 12, 2022 | Common Stock | 100,000 | 100,000 | D |
| Stock Options (right to buy)F9 | $1.62 | holding | — | — | — | — | Nov 12, 2022 | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1Shares previously reported by the reporting person as indirectly held by the Garden Villa on 3rd LLC were transferred to the TMS Trust in a transaction exempt from Section 16 reporting pursuant to Rule 16a-13.
- F2By the John H. Scribante and Tina M. Scribante TR UA 06/05/01 TMS Trust.
- F3Grant to reporting person of option to buy shares under the 2004 Stock and Incentive Awards Plan. This option, granted June 2, 2006, became fully exercisable on March 31, 2011.
- F4Grant 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.
- F5Grant 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.
- F6Grant to reporting person of option to buy shares under the 2004 Stock and Incentive Awards Plan. This option, granted September 1, 2009, will vest and become exercisable in 50,000 share increments when the average trading price of the Issuer's common stock equals or exceeds $4.00, $5.00, $6.00, $7.00 and $ 8.00 per share.
- F7Grant 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.
- F8Grant to reporting person of option to buy shares under the 2004 Stock and Incentive Awards Plan. This option, granted June 12, 2012, vests and becomes exercisable in 20% increments on June 12, 2013, 2014, 2015, 2016 and 2017, respectively.
- F9Grant to reporting person of option to buy shares under the 2004 Stock and Incentive Awards Plan. This option, granted November 12, 2012, vests and becomes exercisable in three equal installments on November 12, 2013, 2014 and 2015, respectively.