SEC Form 4 · accession 0000924168-16-000023
ENERGY FOCUS, INC/DE · EFOI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Tu
Officer — Executive Chairman & CEO · Director
Period of report
Mar 14, 2016
Accepted (ET)
Mar 16, 2016 · 7:15 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000924168
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 300,000 | I | Held by 5 Elements Global Fund L.P. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF2 | $7.70 | Mar 14, 2016 | A | 51,350 | A | Mar 14, 2017 | Mar 14, 2026 | Common Stock | 51,350 | 51,350 | D |
| Restricted Stock UnitsF3,F4 | — | Mar 14, 2016 | A | 37,915 | A | Mar 14, 2017 | Mar 14, 2019 | Common Stock | 37,915 | 37,915 | D |
| Stock Option | $2.30 | holding | — | — | — | Apr 29, 2014 | Apr 29, 2023 | Common Stock | 40,000 | 40,000 | D |
| Stock Option | $4.10 | holding | — | — | — | Dec 28, 2014 | Jan 28, 2024 | Common Stock | 80,000 | 80,000 | D |
| Stock OptionF2 | $5.47 | holding | — | — | — | Mar 16, 2016 | Mar 16, 2025 | Common Stock | 80,000 | 80,000 | D |
Explanation of responses
- F1James Tu has investment and voting power over the shares.
- F2Date applies to one-third of the total. The remaining two-thirds vest in equal monthly installments thereafter over a two year period.
- F3Each Restricted Stock Unit represents a contingent right to receive one share of Energy Focus, Inc. Common Stock.
- F4Date applies to one-third of the total. Another one-third vests two years from the grant date and the final one-third vests three years from the grant date.