IMAGE SENSING SYSTEMS INC 4
4 · IMAGE SENSING SYSTEMS INC · Filed Feb 20, 2014
Insider Transaction Report
Form 4
Tufto Kris B
Director
Transactions
- Award
Employee Stock Option (Right to Buy)
2014-02-18+25,000→ 25,000 totalExercise: $5.53Exp: 2024-02-18→ Common Stock (25,000 underlying) - Award
Employee Stock Option (Right to Buy)
2014-02-18+25,000→ 25,000 totalExercise: $5.53Exp: 2024-02-18→ Common Stock (25,000 underlying)
Footnotes (2)
- [F1]The option becomes exercisable in four equal installments on each of the first, second, third and fourth anniverary dates of the date of grant.
- [F2]All of these options will vest if the Company's actual revenue exceeds the target revenue (the "Target Revenue") for the year ending December 31, 2014. If the Company achieves at least 90% but less than 100% of the Target Revenue, the number of shares subject to the options that will vest will be determined on a pro rata basis. If the Company achieves less than 90% of the Target Revenue, none of these options will vest.