IT&E INTERNATIONAL GROUP 4
4 · IT&E INTERNATIONAL GROUP · Filed Jul 18, 2006
Insider Transaction Report
Form 4
MCEWAN ALASTAIR STUART
Director
Transactions
- Award
Option Grant to purchase Common Stock
2006-06-01+1,000,000→ 1,000,000 totalExercise: $0.09Exp: 2016-06-01→ Common Stock (1,000,000 underlying) - Award
Option Grant to purchase Common Stock
2006-06-01+1,500,000→ 1,500,000 totalExercise: $0.09Exp: 2016-06-01→ Common Stock (1,500,000 underlying)
Footnotes (2)
- [F1]25% of the shares become exercisable on first anniversary of the date of grant, the remaining 75% shall vest in equal monthly installments over the 3 year period commencing on the first anniversary of the date of grant. All shares subject to the option shall be exercisable on the fourth annual anniversary of the date of grant.
- [F2]The option shall vest immediately upon the appointment of a new Chief Executive Officer.