BUTLER NATIONAL CORP 4
4 · BUTLER NATIONAL CORP · Filed May 1, 2015
Insider Transaction Report
Form 4
STEWART CLARK D
DirectorPresident & CEO
Transactions
- Award
Butler National Corporation Common Stock
2015-04-30$0.16/sh+97,500$15,600→ 1,277,604 total(indirect: By 401(k))
Holdings
- 1,855,464
Butler National Corporation Common Stock
Exercise: $0.49Exp: 2015-12-31→ Common Stock (618,488 underlying) - 2,195,390
Butler National Corporation Common Stock
- 618,488
Butler National Corporation Common Stock
Exercise: $0.49Exp: 2015-12-31→ Common Stock (618,488 underlying) - 1,236,976
Butler National Corporation Common Stock
Exercise: $0.49Exp: 2015-12-31→ Common Stock (618,488 underlying) - 20,000(indirect: By Spouse)
Butler National Corporation Common Stock
Footnotes (3)
- [F1]1. The option vests upon satisfaction, either simultaneously or separately, of both (a) the date being December 31, 2011 or later and (b) the close of the Company's commons stock at a market price at or above $0.92 on any date between December 31, 2010 and December 31, 2015.
- [F2]2. The option vests upon satisfaction, either simultaneously or separately, of both (a) the date being December 31, 2012 or later and (b) the close of the Company's commons stock at a market price at or above $1.40 on any date between December 31, 2010 and December 31, 2015.
- [F3]3. The option vests upon satisfaction, either simultaneously or separately, of both (a) the date being December 31, 2013 or later and (b) the close of the Company's commons stock at a market price at or above $1.90 on any date between December 31, 2010 and December 31, 2015.