SARTOR RICHARD A 4
4 · EXPLORATION CO OF DELAWARE INC · Filed Oct 20, 2004
Insider Transaction Report
Form 4
SARTOR RICHARD A
Controller
Transactions
- Award
Incentive Stock Option - Aug 2001
2001-08-01$2.96/sh+25,000$74,000→ 25,000 totalExercise: $2.96From: 2002-08-01Exp: 2011-08-01→ Common Stock, par value $0.01 (25,000 underlying) - Award
Incentive Stock Options - Sep 2004
2004-09-30$5.00/sh+10,000$50,000→ 10,000 totalExercise: $5.00From: 2006-09-30Exp: 2014-09-30→ Common Stock, par value $0.01 (10,000 underlying)
Footnotes (2)
- [F1]Employee incentive stock purchase option vesting at 50% per each completed year of service from date of award. Expiration 10 year from grant date.
- [F2]This transaction qualified for voluntary reporting on Form 4 and was not reported on a subsequent Form 5 due to an inadvertent oversight. The transaction was properly disclosed in subsequent Form 10-K and/or proxy filings.