ELEFTHERIOU MICHAEL 4
4 · IMAGE SENSING SYSTEMS INC · Filed Mar 9, 2012
Insider Transaction Report
Form 4
ELEFTHERIOU MICHAEL
Director
Transactions
- Exercise/Conversion
Common Stock
2012-03-08$1.40/sh+2,000$2,800→ 10,000 total - Exercise/Conversion
Non-qualified Stock Option (Right to Buy)
2012-03-08−2,000→ 16,000 totalExercise: $1.40Exp: 2012-05-16→ Common Stock (2,000 underlying)
Footnotes (1)
- [F1]The option, representing a right to purchase a total of 36,000 shares, became exercisable in three equal annual installments of 12,000 shares beginning on May 16, 2003, which was the first anniversary date of the date of grant. The reporting previously exercised the option to purchase 18,000 shares.