Michael W. Altschaefl - 10 Jun 2022 Form 4/A - Amendment Insider Report for ORION ENERGY SYSTEMS, INC. (OESX)

Role
CEO and Board Chair, Director
Signature
/s/ Steven R. Barth, Attorney-in-Fact for Michael W. Altschaefl
Issuer symbol
OESX
Transactions as of
10 Jun 2022
Net transactions value
+$54,091
Form type
4/A - Amendment
Filing time
16 Sep 2022, 10:59:16 UTC
Date Of Original Report
13 Jun 2022
Previous filing
29 Nov 2021
Next filing
24 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OESX Common Stock Options Exercise $54,091 +26,646 +3.2% $2.03 861,739 10 Jun 2022 Direct
transaction OESX Common Stock Award $0 +163,417 +19% $0.000000 1,025,156 10 Jun 2022 Direct F1
transaction OESX Common Stock Award $0 +50,000 +4.9% $0.000000 1,075,156 10 Jun 2022 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction OESX Stock Options (right to buy) Options Exercise $0 -26,646 -100% $0.000000* 0 10 Jun 2022 Common Stock 26,646 $2.03 Direct F4
holding OESX Stock Options (right to buy) 36,568 10 Jun 2022 Common Stock 36,568 $2.41 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock granted to the reporting person under the Orion Energy Systems, Inc. 2016 Omnibus Incentive Plan, as amended. The restricted stock vests and becomes exercisable with respect to 1/3 of the restricted stock on each of June 10, 2023, 2024 and 2025, respectively.
F2 This amendment is being filed to include an additional restricted stock award for the reporting person that was not reported on the Form 4 filed June 13, 2022.
F3 Restricted stock granted to the reporting person under the Orion Energy Systems, Inc. 2016 Omnibus Incentive Plan, as amended. The restricted stock vests immediately.
F4 Grant to reporting person of option to buy shares under the 2004 Stock and Incentive Awards Plan. This option, granted June 12, 2012, vested and became exercisable in three equal installments on June 12, 2013, 2014 and 2015, respectively.
F5 Grant to reporting person of option to buy shares under the 2004 Stock and Incentive Awards Plan. This option, granted May 28, 2013, vested and became exercisable in three equal installments on December 31, 2013, 2014 and 2015, respectively.