ESSES STEVEN D 4
4 · AROTECH CORP · Filed Jun 28, 2010
Insider Transaction Report
Form 4
AROTECH CORPARTX
ESSES STEVEN D
DirectorPresident and COO
Transactions
- Disposition to Issuer
Common Stock
2010-06-28−90,000→ 775,758 total - Award
Common Stock
2010-06-24+80,000→ 775,758 total
Footnotes (3)
- [F1]Restricted stock, vesting 1/2 on December 31, 2010 (1/3 based on time only and 2/3 based on performance criteria) and 1/2 on December 31, 2011 (1/3 based on time only and 2/3 based on performance criteria).
- [F2]Includes 250,000 unvested restricted shares, the vesting of 78,332 of which is subject to future performance criteria, and 273,973 shares issued to a trust and to be held in such trust until such time as Mr. Esses shall be entitled to payment of his severance package.
- [F3]Represents formal cancelation of restricted stock that had been issued subject to future performance criteria that the Issuer had previously determined had not been met, and that were accordingly not included in prior totals.