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govt vice president to effect internet pastime of inventory alternate options with a purpose to at once own extra Orion Shares
February 13, 2009 18:00 ET | source: Orion energy methods, Inc.
MANITOWOC, Wis., Feb. 13, 2009 (GLOBE NEWSWIRE) -- Orion energy programs Inc. (Nasdaq:OESX) announced that, on February 12, 2009, Michael Potts, its govt vp and a director, effected a internet pastime of certain of his inventory alternate options for a total of 573,651 shares of the company's regular inventory, which have been otherwise due to expire in 2011. in order to pay the combination option endeavor fee and his necessary revenue tax withholding volume because of such option exercises, Mr. Potts surrendered 286,502 shares otherwise receivable from his option activity at the day past's closing sale fee. in an effort to pay his estimated excess profits tax liability over his tax-withholding quantity on account of his choice exercise, Mr. Potts sold 30,767 shares in any other case receivable from his choice activity to the company at yesterday's closing sale price. Mr. Potts intends to continue the stability of his 256,382 shares bought upon his alternative recreation for funding and to facts his commitment to, and self assurance in, the enterprise. as a result of this internet choice pastime and extra income tax legal responsibility related choice share sale, Mr. Potts' direct inventory possession in the company increased by means of almost 200 % to 392,352 from his prior direct possession of a hundred thirty five,970 remarkable shares.
Orion energy techniques Inc. (Nasdaq:OESX) is a leading vigor expertise commercial enterprise that designs, manufactures and implements power management methods, consisting basically of excessive-performance, power-effective lighting programs, controls and connected functions for industrial and industrial customers without compromising their volume or high-quality of mild. For greater assistance, consult with www.oesx.com.
The Orion energy systems, Inc. logo is purchasable at https://killexams.com/vendors-exam-list
Orion energy systems Inc.
Media contactLinda Diedrich, Director of company Communications
Investor family members touchErik Birkerts, Chief working Officer
Orion power systems, Inc.
Manitowoc, Wisconsin, u.s.
Orion energy methods Inc.
Media touchLinda Diedrich, Director of company Communications
Investor family members contactErik Birkerts, Chief operating Officer