SEC Form 4 · accession 0001209191-15-015467
KOPIN CORP · KOPN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John C C Fan
Officer — CEO & President
Period of report
Feb 13, 2015
Accepted (ET)
Feb 18, 2015 · 5:24 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 Stock | Feb 13, 2015 | A | 350,000 | $0.00 | A | 3,278,335 | D | |
| Common Stock | Feb 13, 2015 | D | 260,000 | $0.00 | D | 3,018,335 | D | |
| Common Stock | Feb 13, 2015 | A | 260,000 | $0.00 | A | 3,278,335 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Restricted stock vests 33%, 33% and 34% on each of the three 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.
- F2On September 12, 2011 the Company granted Dr. Fan 260,000 shares of restricted stock which vest upon the first 10 consecutive trading day period following the grant during which the Company's common stock trades at a price equal to or greater than $5.25 subject to acceleration upon the occurrence of an acceleration event. This grant was originally set to terminate on September 12, 2016. On December 31, 2014 Dr. Fan entered into a 3 year employment agreement with the Company which expires on December 31, 2017. The Company has amended the September 12, 2016 grant to now terminate on December 31, 2017.