4//SEC Filing
BLAIR ROBERT L 4
Accession 0001209191-05-004752
CIK 0000907410other
Filed
Jan 24, 7:00 PM ET
Accepted
Jan 25, 8:58 PM ET
Size
13.8 KB
Accession
0001209191-05-004752
Insider Transaction Report
Form 4
BLAIR ROBERT L
DirectorCEO and President
Transactions
- Disposition to Issuer
Stock Option (Right to Buy)
2004-12-28−15,000→ 0 totalExercise: $12.25Exp: 2008-07-01→ Common Stock (15,000 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2004-12-28−171,666→ 0 totalExercise: $15.00→ Common Stock (171,666 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2004-12-28−160,000→ 0 totalExercise: $12.97Exp: 2012-05-02→ Common Stock (160,000 underlying)
Holdings
- 21,973
Common Stock
Footnotes (8)
- [F1]Includes 1,181 shares of common stock purchased through the Issuer's Employee Stock Purchase Plan (the "Shares"). The Shares were purchased as follows: 429 Shares purchased on October 31, 2003; 354 Shares purchased on April 30, 2004 and 398 Shares purchased on October 29, 2004.
- [F2]The option provided for vesting as follows: 1/24th of the total shares subject to the option shall vest monthly on the 3rd day of each month commencing 6/3/2005 through 5/3/2007.
- [F3]On December 28, 2004 the Issuer canceled, pursuant to the Issuer's option exchange program, an option granted to the reporting person on August 21, 2002. In exchange, the reporting person will receive a replacement option on or after June 29, 2005, for the same number of shares, having an exercise price equal to the market price of the underlying stock on the grant date and a term of ten years beginning on the grant date, provided that the option will terminate earlier in the event of a termination of service.
- [F4]The option provided for vesting as follows: 11,334 shares vested on 7/1/00; 1/12th of 11,332 shares vested monthly on the 1st day of each month beginning on 8/1/00 through 7/1/01, 1/12th of 28,000 shares vested monthly on the 1st day of each month beginning on 8/1/01 through 7/1/02; 1/12th of 53,000 shares vested monthly on the 1st day of each month beginning on 8/1/02 through 7/1/03; 1/12th of 68,000 shares vested monthly on the 1st day of each month beginning on 8/1/03 through 7/1/04.
- [F5]The option provided that it would expire as follows: 11,334 shares expire on 7/1/2005; 11,332 shares expire on 7/1/2006; 28,000 shares expire on 7/1/2007; 53,000 shares expire on 7/1/2008 and 68,000 shares on 7/1/2009.
- [F6]On December 28, 2004 the Issuer canceled, pursuant to the Issuer's option exchange program, an option granted to the reporting person on September 16, 1999. In exchange, the reporting person will receive a replacement option on or after June 29, 2005, for the same number of shares, having an exercise price equal to the market price of the underlying stock on the grant date and a term of ten years beginning on the grant date, provided that the option will terminate earlier in the event of a termination of service.
- [F7]The option provided for vesting as follows: 1/12th of the total shares vested monthly on the 1st day of each month beginning on 8/1/02, subject to accelerated vesting in the event certain performance criteria was met.
- [F8]On December 28, 2004 the Issuer canceled, pursuant to the Issuer's option exchange program, an option granted to the reporting person on September 3, 1999. In exchange, the reporting person will receive a replacement option on or after June 29, 2005, for the same number of shares, having an exercise price equal to the market price of the underlying stock on the grant date and a term of ten years beginning on the grant date, provided that the option will terminate earlier in the event of a termination of service.
Documents
Issuer
ESS TECHNOLOGY INC
CIK 0000907410
Entity typeother
Related Parties
1- filerCIK 0001201306
Filing Metadata
- Form type
- 4
- Filed
- Jan 24, 7:00 PM ET
- Accepted
- Jan 25, 8:58 PM ET
- Size
- 13.8 KB