-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, A47gcjcKOeEQDrewo3a1/suAIs2BRisIfL4TOzD+2pIoVbe9gU18eOioQWbbcyFa UNcZ41dsA8JUnd3qHXx1lA== 0001181431-08-022610.txt : 20080401 0001181431-08-022610.hdr.sgml : 20080401 20080401204711 ACCESSION NUMBER: 0001181431-08-022610 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080328 FILED AS OF DATE: 20080401 DATE AS OF CHANGE: 20080401 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: KOPIN CORP CENTRAL INDEX KEY: 0000771266 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 042833935 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 695 MYLES STANDISH BLVD CITY: TAUNTON STATE: MA ZIP: 02780 BUSINESS PHONE: 5088246696 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SNEIDER RICHARD CENTRAL INDEX KEY: 0001215843 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-19882 FILM NUMBER: 08731082 MAIL ADDRESS: STREET 1: 695 MYLES STANDISH BLVD CITY: TAUNTON STATE: MA ZIP: 02780 4 1 rrd201531.xml FORM 4 X0202 4 2008-03-28 0 0000771266 KOPIN CORP KOPN 0001215843 SNEIDER RICHARD C/O KOPIN CORPORATION 200 JOHN HANCOCK ROAD TAUNTON MA 02780-7331 0 1 0 0 Senior Vice President Common Stock 2008-03-28 4 F 0 1826 2.73 D 130405 D Employee Stock Option (right to buy) 4.8125 2008-03-28 4 D 0 11434 D 2009-06-15 Common Stock 11434 0 D Employee Stock Option (right to buy) 5.48 2008-03-28 4 A 0 11434 A 2009-06-15 Common Stock 11434 11434 D Employee Stock Option (right to buy) 10.50 2008-03-28 4 D 0 40000 D 2009-10-29 Common Stock 40000 0 D Employee Stock Option (right to buy) 18.88 2008-03-28 4 A 0 40000 A 2009-10-29 Common Stock 40000 40000 D Employee Stock Option (right to buy) 23.81 2008-03-28 4 D 0 60000 D 2010-04-12 Common Stock 60000 0 D Employee Stock Option (right to buy) 27.25 2008-03-28 4 A 0 60000 A 2010-04-12 Common Stock 60000 60000 D Employee Stock Option (right to buy) 10.25 2008-03-28 4 D 0 50000 D 2010-11-30 Common Stock 50000 0 D Employee Stock Option (right to buy) 13.00 2008-03-28 4 A 0 50000 A 2010-11-30 Common Stock 50000 50000 D Employee Stock Option (right to buy) 5.04 2008-03-28 4 D 0 50000 D 2011-04-17 Common Stock 50000 0 D Employee Stock Option (right to buy) 12.16 2008-03-28 4 A 0 50000 A 2011-04-17 Common Stock 50000 50000 D Employee Stock Option (right to buy) 9.39 2008-03-28 4 D 0 50000 D 2011-09-17 Common Stock 50000 0 D Employee Stock Option (right to buy) 14.60 2008-03-28 4 A 0 50000 A 2011-09-17 Common Stock 50000 50000 D Employee Stock Option (right to buy) 14.60 2008-03-28 4 D 0 33378 A 2011-09-17 Common Stock 33378 16622 D On March 28, 2008, the reporting person surrendered to the issuer vested options to purchase an aggregate of 33,378 shares of common stock, of which this surrendered option is a part. The reporting person surrendered the options pursuant to a remediation plan by the issuer in connection with the issuer's review of its stock option practices and related accounting. When the reporting person agreed to surrender the options, the options surrendered had a value, based on a Black-Scholes-Merton calculation and using the same assumptions the issuer uses when preparing its financial statements, equal to approximately $20,213. The reporting person entered into an Option Surrender Agreement with the issuer on March 28, 2008. The option is fully vested and immediately exercisable. The two reported transactions involved an amendment of an outstanding option to adjust the exercise price of the option, resulting in the deemed cancellation of the old option and the grant of the replacement option. The issuer amended certain outstanding options pursuant to a remediation plan by the issuer in connection with the issuer's review of its stock option practices and related accounting. The reporting person surrendered a portion of vested shares that were subject to a restricted stock purchase agreement as payment of withholding taxes due as a result of vesting of restricted stock. On December 29, 2006, the reporting person inadvertently filed a Form 4 reporting the surrender of 1588 shares of common stock. Such surrender of shares had previously been reported on December 11, 2006, the initial vesting date of the restricted stock award, and was properly reported on a Form 4 filed on December 13, 2006. As a result, the reporting person's ownership was understated by 1588 shares. This filing reflects the corrected number of shares of common stock. /s/ John Concannon, as attorney in fact 2008-03-31 -----END PRIVACY-ENHANCED MESSAGE-----