FAN JOHN C C 4/A
4/A · KOPIN CORP · Filed Jan 29, 2021
Insider Transaction Report
Form 4/AAmended
KOPIN CORPKOPN
FAN JOHN C C
President and CEO
Transactions
- Award
Common Stock
2020-12-31+100,000→ 5,559,769 total - Tax Payment
Common Stock
2020-12-31+940,000→ 4,619,769 total - Award
Common Stock
2020-12-31+940,000→ 5,559,769 total - Award
Common Stock
2020-12-31+288,843→ 5,848,612 total
Footnotes (4)
- [F1]Restricted stock shall vest upon the achievement of certain milestones, based on the Company's fiscal year 2021 results and is subject to restrictions pursuant to the terms of the Issuer's 2020 Equity Incentive Plan.
- [F2]On December 31, 2020 940,000 shares of restricted stock were forfeited for failure to meet certain stock price milestones.
- [F3]On December 31, 2020 the Kopin Corporation's Compensation Committee implemented an incentive plan comprised of five (5) tranches of 188,000 shares of restricted stock which are to vest at the end of the first 20 consecutive trading day period following the grant date during which Kopin Corporation's common stock trades at various price points of the Company's common stock. The period to achieve the stock price milestones are from January 1, 2021 through December 31, 2023.
- [F4]On December 31, 2020 the Kopin Corporation's Compensation Committee granted shares as part of an incentive plan. Up to 144,422 shares of restricted stock grants can be earned if a milestone is by December 31, 2021 and up to 144,421 shares of restricted stock can be earned if a milestone is achieved by June 30, 2022.