Peter Hamilton Jameson - 02 Jan 2025 Form 4 Insider Report for Vuzix Corp (VUZI)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
06 Jan 2025, 16:48:53 UTC
Prior SEC filing
02 Jul 2024
Next SEC filing
06 Feb 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Peter Jameson

Key filing fact

Peter Hamilton Jameson filed Form 4 for Vuzix Corp (VUZI) on 06 Jan 2025.

Key facts

  • This page summarizes Peter Hamilton Jameson's Form 4 filing for Vuzix Corp (VUZI).
  • 2 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 06 Jan 2025, 16:48.

Change

  • Previous filing in this sequence was filed on 02 Jul 2024.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

VUZI transaction Derivative

Restricted Stock Unit

Award

Transaction value
$0
Shares
+111,642
Change %
Price
$0.000000
Shares after
111,642
Date
02 Jan 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
111,642
Exercise price
Footnotes
F1, F2
VUZI transaction Derivative

Options (Right to Buy)

Other

Transaction value
$0
Shares
-270,000
Change %
-100%
Price
$0.000000
Shares after
0
Date
02 Jan 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
270,000
Exercise price
$19.00
Footnotes
F2, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Each Restricted Stock Unit ("RSU"s) represents the contingent right to receive one share of common stock.

Footnote F2

The RSUs and cancellation of the options are subject to shareholder approval to be obtained at the Company's 2025 shareholder meeting. Upon and subject to such shareholder approval, the grant of the RSUs will be effective and the options issued to the Reporting Person on March 17, 2021 will simultaneously terminate. Subject to the foregoing, 50% (55,821) of the RSUs will vest in 3 years from the date of grant, and the remaining 50% (55,821) will vest solely upon achievement of certain performance results goals and not simply the passage of time. This remaining 50% may increase to up to 125% of such amount (69,776 RSUs) subject to achievement of certain results.

Footnote F3

The options were to vest solely upon achievement of certain market capitalization and operating results goals and not simply the passage of time. As set forth in footnote (2) above, the options will terminate subject to and upon shareholder approval.

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