HORNSBY RICHARD LEE 4
4 · DEVCON INTERNATIONAL CORP · Filed Feb 4, 2005
Insider Transaction Report
Form 4
HORNSBY RICHARD LEE
Director
Transactions
- Exercise/Conversion
Common Stock
2005-02-03$1.50/sh+25,000$37,500→ 58,875 total - Exercise/Conversion
CommonStock
2005-02-03$1.50/sh−25,000$37,500→ 49,624 totalExercise: $1.50→ Common Stock (25,000 underlying)
Footnotes (1)
- [F1]Such option vests in increments of 20% each year if one of the following occurs: (i) accumulated earnings of $6 million from 1/1/99 net the effect of the Antigua note payments, (ii) stock trades in excess of $4 per share for a consecutive period of two months or (iii) at end of five years, unless accelerated by the Board.