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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Tokman Alexander Y C/O MICROVISION, INC. 6222 185TH AVENUE NE REDMOND, WA 98052 |
X | President & CEO |
/s/Alexander Tokman | 04/08/2009 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | This award was granted under the Executive Officer's current Employment Agreement effective 4-7-2009. The award will vest on the later of the third anniversary of the date of grant or the first day thereafter that the Executive Officer is not in a closed window under the Company's insider trading policy, subject to the terms of the 2006 Incentive Plan. |
(2) | This award was granted under the Executive Officer's current Employment Agreement effective 4-7-2009. This award vests based on satisfying both service and performance conditions, subject to the terms of the 2006 Incentive Plan. The award will vest on the later of the third anniversary of the date of grant or the first day thereafter that the Executive Officer is not in a closed window under the Company's insider trading policy, based on the Company achieving the following specified performance milestones: 55,000 shares vest if one operational milestone is achieved by 12-31-2009 or two operational milestones are achieved by 12-31-2010. An additional 55,000 shares vest if two operational milestones are achieved by 12-31-2010. Shares that do not vest will be cancelled. |
(3) | This award was granted in lieu of a contractual cash salary increase for 2009, under the terms of the Executive Officer's prior Employment Agreement effective 7-18-2005. This award vests 25% on 4-30-09, 6-30-09, 9-30-09, and 12-31-09, subject to the terms of the 2006 Incentive Plan. |