HEBBORN NIGEL P 4
4 · NESTOR INC · Filed Oct 15, 2004
Insider Transaction Report
Form 4
NESTOR INCNESO
HEBBORN NIGEL P
Chief Operating Officer
Transactions
- Award
Stock Option (right to buy)
2004-10-13+300,000→ 323,349 totalExercise: $4.95Exp: 2012-10-13→ Common Stock (300,000 underlying)
Footnotes (2)
- [F1]Becomes exercisable for 60,000 shares on 12/31/2004, for an additional 120,000 shares on 12/31/2005 and for an additional 120,000 shares on 12/31/2006.
- [F2]Becomes exercisable on earlier of (a) 10/13/2012 or, (b) with respect to 60,000 shares, the date on which 10 day average of last reported sale price of underlying stock exceeds 117.5% of the exercise price, with respect to an additional 120,000 shares, the date on which 10 day average of last reported sale price of underlying stock exceeds 138.0625% of the exercise price, and with respect to an additional 120,000 shares, the date on which 10 day average of last reported sale price of underlying stock exceeds 162.2234375% of the exercise price.