4//SEC Filing
SOLOMON TECHNOLOGIES INC 4
Accession 0000908230-07-000016
CIK 0001240722operating
Filed
Feb 6, 7:00 PM ET
Accepted
Feb 7, 5:47 PM ET
Size
9.6 KB
Accession
0000908230-07-000016
Insider Transaction Report
Form 4
Brandt Gary G
Other
Transactions
- Award
Options
2007-02-05$2.80/sh+500,000$1,400,000→ 500,000 totalExercise: $2.80Exp: 2017-02-05→ Common Stock, par value $0.001 per share (500,000 underlying) - Award
Performance Options
2007-02-05$2.80/sh+250,000$700,000→ 250,000 totalExercise: $2.80Exp: 2017-02-05→ Common Stock, par value $0.001 per share (250,000 underlying) - Award
Common Stock, par value $0.001 per share
2007-02-05+110,000→ 110,000 total
Footnotes (3)
- [F1]These shares are issued as prepaid salary and sign on bonus vesting over three (3) years in amounts equal to 50%, 30% and 20% of the total shares on the first, second and third anniversaries, respectively, of the Reporting Person's employment with the Issuer.
- [F2]This award vests as to 33.33% of the Option Shares on each of the first anniversary of the Date of Grant and the second anniversary of the Date of Grant and as to 33.34% of the Option Shares on the third anniversary of the Date of Grant.
- [F3]This award vests 100% upon completion of the audit of the Issuer's financial statements for the year ended on December 31, 2007 if the Issuer achieves certain performance goals.
Documents
Issuer
SOLOMON TECHNOLOGIES INC
CIK 0001240722
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001240722
Filing Metadata
- Form type
- 4
- Filed
- Feb 6, 7:00 PM ET
- Accepted
- Feb 7, 5:47 PM ET
- Size
- 9.6 KB