Fogel Asher E 4
4 · U S ENERGY SYSTEMS INC · Filed Dec 15, 2005
Insider Transaction Report
Form 4
Fogel Asher E
DirectorChief Executive Officer
Transactions
- Award
Employee stock option (right to buy)
2005-12-13+450,000→ 450,000 totalExercise: $3.50→ Common Stock (450,000 underlying) - Award
Restricted Stock Units
2005-12-13+100,000→ 100,000 total→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]These five year options vest in two equal annual installments commencing one year from the date of grant.
- [F2]Each restricted stock unit represents the right to receive one share of common stock. These units vest in two equal annual installments commencing one year from the grant date. The underlying shares are delivered to the reporting person upon vesting.