SEC Form 4 · accession 0001140361-16-069049
ORION ENERGY SYSTEMS, INC. · OESX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marc Meade
Officer — Executive Vice President
Period of report
Jun 7, 2016
Accepted (ET)
Jun 8, 2016 · 12:37 pm EDT
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 | Jun 7, 2016 | A | 99,051 | $0.00 | A | 214,849 | D | |
| Common StockF2 | Jun 8, 2016 | P | 3,500 | $1.4283 | A | 218,349 | 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)F3 | $4.70 | holding | — | — | — | Feb 1, 2011 | Feb 1, 2020 | Common Stock | 5,000 | 5,000 | D |
| Stock Options (right to buy)F4 | $3.46 | holding | — | — | — | May 18, 2011 | May 18, 2020 | Common Stock | 20,000 | 20,000 | D |
| Stock Options (right to buy)F5 | $3.45 | holding | — | — | — | Nov 1, 2011 | Nov 1, 2020 | Common Stock | 25,000 | 25,000 | D |
| Stock Options (right to buy)F6 | $2.05 | holding | — | — | — | Feb 1, 2014 | Feb 1, 2023 | Common Stock | 20,000 | 20,000 | D |
Explanation of responses
- F1Restricted stock granted to the reporting person under the 2004 Stock and Incentive Awards Plan. The restricted stock vests and becomes exercisable with respect to 1/3 of the restricted stock on each of June 7, 2017, 2018 and 2019, respectively.
- F2The price in Column 4 is a weighted average price. The prices actually received ranged from $1.42 to $1.4298. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price.
- F3Grant to reporting person of option to buy shares under the 2004 Stock and Incentive Awards Plan. This option, granted February 1, 2010, vests and becomes exercisable in 20% increments on February 1, 2011, 2012, 2013, 2014 and 2015, respectively.
- F4Grant 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 10% increments on May 18, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019 and 2020, respectively.
- F5Grant to reporting person of option to buy shares under the 2004 Stock and Incentive Awards Plan. This option, granted November 1, 2010, vests and becomes exercisable in 20% increments on November 1, 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 February 1, 2013, vests and becomes exercisable in 20% increments on February 1, 2014, 2015, 2016, 2017 and 2018, respectively.