BUTLER NATIONAL CORP 4
4 · BUTLER NATIONAL CORP · Filed May 1, 2015
Insider Transaction Report
Form 4
Stewart Craig D
Vice President
Transactions
- Award
Butler National Corporation Common Stock
2015-04-30$0.16/sh+86,518$13,843→ 460,299 total(indirect: By 401(k))
Holdings
- 450,000
Butler National Corporation Common Stock
Exercise: $0.49Exp: 2015-12-31→ Common Stock (150,000 underlying) - 882,778
Butler National Corporation Common Stock
- 150,000
Butler National Corporation Common Stock
Exercise: $0.49Exp: 2015-12-31→ Common Stock (150,000 underlying) - 300,000
Butler National Corporation Common Stock
Exercise: $0.49Exp: 2015-12-31→ Common Stock (150,000 underlying)
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.