WJ COMMUNICATIONS INC 4
4 · WJ COMMUNICATIONS INC · Filed Feb 20, 2007
Insider Transaction Report
Form 4
Saidi Morteza
VP, Engineering
Transactions
- Exercise/Conversion
Common Stock
2007-02-15+3,275→ 9,049 total - Exercise/Conversion
Restricted Stock Unit
2007-02-15−3,275→ 35,225 totalExercise: $0.00From: 2010-08-10→ Common Stock (3,275 underlying) - Tax Payment
Common Stock
2007-02-15$1.59/sh−1,400$2,226→ 7,649 total
Footnotes (4)
- [F1]Shares of common stock issued without payment upon settlement of newly vested restricted stock units.
- [F2]This amount represents the number of shares withheld by the Company to cover tax obligations of the reporting person arising pursuant to the vesting of restricted stock units.
- [F3]This amount represents the following items for the reporting person;(a) An award of 10,000 shares of restricted stock offset by 4,226 shares withheld by the Company to cover tax withholding obligations of vested shares on January 16, 2007; (b) 3,275 shares of common stock issued without payment for vested restricted stock units offset by 1,400 shares to cover tax withholding obligations for the vested units.
- [F4]The restricted stock units shall vest on August 10, 2010 if the reporting person has continued to be actively employed by the Company through that date. The reporting person received on an accelerated basis a portion of such shares at the end of the fiscal 6-month period ended 12-31-2006, based on the extent to which the Company satisfied its corporate performance objectives for that 6-month fiscal period and the extent to which the reporting person met his individual management business objectives for the period.