SEC Form 4 · accession 0001209191-15-015400
KOPIN CORP · KOPN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Presz
Officer — VP Special Projects and Gov't
Period of report
Feb 13, 2015
Accepted (ET)
Feb 18, 2015 · 4:56 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000771266
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 13, 2015 | A | 45,000 | $0.00 | A | 289,163 | D | |
| Common StockF2 | Feb 13, 2015 | A | 25,000 | $0.00 | A | 314,163 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted stock vests 25% on each of the four successive December 10 dates following the date of grant (2/13/15) and are subject to restrictions pursuant to the terms of the Issuer's 2010 Equity Incentive Plan.
- F225,000 shares of restricted stock will vest upon the Company either delivering certain products for a program or being awarded an order for certain products with a value exceeding $2,000,000 for another program, in either case by 12/10/15.