ASCENT ASSURANCE INC 5
5 · ASCENT ASSURANCE INC · Filed Feb 11, 2005
Insider Transaction Report
Form 5
CUTLER BENJAMIN M
DirectorChairman & CEO
Holdings
- 5,025,619
Common Stock Options
Exp: 2014-09-01→ Common Stock
Footnotes (1)
- [F1]On September 1, 2004, Mr. Cutler was granted 5,025,619 shares of the Company's Common Stock, which will vest, (in the abscence of an "Early Exercise Date" as defined in the award agreement), in five equal installments on each of the first five anniversary dates of the option award. The exercise price of each option is equal to the fair market value of such shares, as determined by the Board of Directors in good faith based upon generally accepted industry evaluation methodologies, on the Early Exercise Date.