SEC Form 4 · accession 0001140361-16-075375
ORION ENERGY SYSTEMS, INC. · OESX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael W Altschaefl
Director
Period of report
Aug 5, 2016
Accepted (ET)
Aug 9, 2016 · 2:28 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 | Aug 5, 2016 | A | 31,690 | $0.00 | A | 184,514 | D | |
| Common Stock | Aug 5, 2016 | A | 12,324 | $0.00 | A | 196,838 | 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 | $3.81 | holding | — | — | — | Oct 30, 2010 | Oct 30, 2019 | Common Stock | 5,291 | 5,291 | D |
| Stock Options (right to buy)F4 | $3.46 | holding | — | — | — | May 18, 2011 | May 18, 2020 | Common Stock | 19,912 | 19,912 | D |
| Stock Options (right to buy)F5 | $4.19 | holding | — | — | — | May 23, 2012 | May 23, 2021 | Common Stock | 22,045 | 22,045 | D |
| Stock Options (right to buy)F6 | $2.03 | holding | — | — | — | Jun 12, 2013 | Jun 12, 2022 | Common Stock | 26,646 | 26,646 | D |
| Stock Options (right to buy)F7 | $2.41 | holding | — | — | — | Dec 31, 2013 | May 28, 2023 | Common Stock | 36,568 | 36,568 | D |
Explanation of responses
- F1Restricted stock granted to the reporting person under the 2016 Omnibus Incentive Plan. The restricted stock vests and becomes exercisable with respect to 1/3 of the restricted stock on each of August 5, 2017, 2018 and 2019, respectively.
- F2Shares granted in lieu of cash for annual retainer fees pursuant to Issuer's 2016 Omnibus Incentive Plan.
- F3Grant to reporting person of option to buy shares under the 2004 Stock and Incentive Awards Plan. This option, granted October 30, 2009, vests and becomes exercisable in three equal installments on October 30, 2010, 2011 and 2012, 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 three equal installments on May 18, 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 23, 2011, vests and becomes exercisable in three equal installments on May 23, 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 June 12, 2012, vests and becomes exercisable in three equal installments on June 12, 2013, 2014 and 2015, respectively.
- F7Grant to reporting person of option to buy shares under the 2004 Stock and Incentive Awards Plan. This option, granted May 28, 2013, vests and becomes exercisable in three equal installments on December 31, 2013, 2014 and 2015, respectively.