FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
FORCE PROTECTION INC [ FRPT ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 04/21/2011 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 04/21/2011 | A | 20,000(1) | A | $0 | 20,000 | D | |||
Common Stock | 04/21/2011 | A | 32,000(2) | A | $0 | 52,000 | D | |||
Common Stock | 04/21/2011 | A | 32,000(3) | A | $0 | 84,000 | D | |||
Common Stock | 04/21/2011 | F | 1,883(4) | D | $4.65 | 82,117 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Options (Right to Buy) | $4.65 | 04/21/2011 | A | 26,301 | (5) | 04/21/2021 | Common Stock | 26,301 | $0 | 26,301 | D |
Explanation of Responses: |
1. These shares of common stock are subject to forfeiture restrictions, whereby the restrictions on 25% of the stock will lapse immediately, 25% will lapse on June 30, 2011, 25% will lapse on September 30, 2011, and the remaining will lapse on December 31, 2011. |
2. These shares of common stock are subject to forfeiture restrictions, whereby one-third of the restrictions lapse in three equal annual installments commencing on March 2, 2012. |
3. These shares of common stock are subject to forfeiture restrictions, whereby one-third of the restrictions will lapse in three equal annual installments upon the completion of performance criteria to be determined on or by March 2, 2012. |
4. Pursuant to the reporting person's restricted stock award granted on April 21, 2011, 5,000 shares vested on April 21, 2011, of which 1,883 shares were forfeited as payment for his tax withholding obligations, including the minimum statutory federal tax withholding rate, the state tax withholding rate and Medicare. |
5. This stock option vests in three equal annual installments, commencing on March 2, 2012. |
Gregory T. Troy | 04/25/2011 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
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 Number. |