SEC Form 4 · accession 0001140361-17-030103
ORION ENERGY SYSTEMS, INC. · OESX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John H Scribante
Director · Other
Period of report
Aug 2, 2017
Accepted (ET)
Aug 3, 2017 · 6:05 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 StockF1,F2 | Aug 2, 2017 | S | 10,500 | $1.0691 | D | 10,000 | I | By TMS Trust |
| Common StockF3,F2 | Aug 3, 2017 | S | 10,000 | $1.0522 | D | 0 | I | By TMS Trust |
| Common Stock | holding | — | — | — | 40,000 | I | By IRA |
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)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 | 200,000 | 200,000 | 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 | 80,000 | 80,000 | D |
| Stock Options (right to buy)F9 | $1.62 | holding | — | — | — | — | Nov 12, 2022 | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1The price in Column 4 is a weighted average price. The prices actually received ranged from $1.05 to $1.12. 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 a weighted average price.
- F2By the John H. Scribante and Tina M. Scribante TR UA 06/05/01 TMS Trust.
- F3The price in Column 4 is a weighted average price. The prices actually received ranged from $1.01 to $1.075. 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 a weighted average price.
- F4Grant to reporting person of option to buy shares under the 2004 Stock and Incentive Awards Plan. This option, granted August 8, 2008, became 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, became 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, became 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, became 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, became exercisable in four equal installments on June 12, 2013, 2014, 2015 and 2016, respectively.
- F9Grant to reporting person of option to buy shares under the 2004 Stock and Incentive Awards Plan. This option, granted November 12, 2012, became exercisable in three equal installments on November 12, 2013, 2014 and 2015, respectively.