SEC Form 4 · accession 0001140361-17-025170
ORION ENERGY SYSTEMS, INC. · OESX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James R Kackley
Director
Period of report
Jun 13, 2017
Accepted (ET)
Jun 15, 2017 · 4:11 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 13, 2017 | A | 17,609 | $0.00 | A | 279,674 | D | |
| Common Stock | Sep 16, 2014 | G | 5,000 | $0.00 | D | 45,000 | I | By Spouse as trustee |
| Common Stock | Sep 6, 2016 | G | 5,000 | $0.00 | D | 40,000 | I | By Spouse as trustee |
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 | $4.49 | holding | — | — | — | Jul 27, 2008 | Jul 27, 2017 | Common Stock | 10,000 | 10,000 | D |
| Stock Options (right to buy)F3 | $11.61 | holding | — | — | — | May 19, 2009 | May 19, 2018 | Common Stock | 14,851 | 14,851 | D |
| Stock Options (right to buy)F4 | $3.78 | holding | — | — | — | May 19, 2010 | May 19, 2019 | Common Stock | 10,583 | 10,583 | D |
| Stock Options (right to buy)F5 | $3.49 | holding | — | — | — | — | Aug 3, 2019 | Common Stock | 35,000 | 35,000 | D |
| Stock Options (right to buy)F6 | $3.46 | holding | — | — | — | May 18, 2011 | May 18, 2020 | Common Stock | 19,912 | 19,912 | D |
| Stock Options (right to buy)F7 | $4.19 | holding | — | — | — | May 23, 2012 | May 23, 2021 | Common Stock | 22,045 | 22,045 | D |
| Stock Options (right to buy)F8 | $2.03 | holding | — | — | — | Jun 12, 2013 | Jun 12, 2022 | Common Stock | 26,646 | 26,646 | D |
| Stock Options (right to buy)F9 | $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 Orion Energy Systems, Inc. 2016 Omnibus Incentive Plan. The restricted stock vests and becomes exercisable with respect to 1/3 of the restricted stock on each of June 13, 2018, 2019 and 2020, respectively.
- F2Grant to reporting person of option to buy shares under the 2004 Stock and Incentive Awards Plan. This option, granted July 27, 2007, became fully exercisable on July 27, 2008.
- F3Grant to reporting person of option to buy shares under the 2004 Stock and Incentive Awards Plan. This option, granted May 19, 2008, vested and became exercisable in three equal installments on May 19, 2009, 2010 and 2011, respectively.
- F4Grant to reporting person of option to buy shares under the 2004 Stock and Incentive Awards Plan. This option, granted May 19, 2009, vested and became exercisable in three equal installments on May 19, 2010, 2011 and 2012, respectively.
- F5Grant to reporting person of option to buy shares under the 2004 Stock and Incentive Awards Plan. This option, granted August 3, 2009, vests and becomes exercisable upon any termination of employment other than a termination for cause.
- F6Grant to reporting person of option to buy shares under the 2004 Stock and Incentive Awards Plan. This option, granted May 18, 2010, vested and became exercisable in three equal installments on May 18, 2011, 2012 and 2013, respectively.
- F7Grant to reporting person of option to buy shares under the 2004 Stock and Incentive Awards Plan. This option, granted May 23, 2011, vested and became exercisable in three equal installments on May 23, 2012, 2013 and 2014, respectively.
- F8Grant to reporting person of option to buy shares under the 2004 Stock and Incentive Awards Plan. This option, granted June 12, 2012, vested and became exercisable in three equal installments on June 12, 2013, 2014 and 2015, respectively.
- F9Grant to reporting person of option to buy shares under the 2004 Stock and Incentive Awards Plan. This option, granted May 28, 2013, vested and became exercisable in three equal installments on December 31, 2013, 2014 and 2015, respectively.