Wolfe Thomas D 4
4 · OPEN ENERGY CORP · Filed Dec 27, 2006
Insider Transaction Report
Form 4
OPEN ENERGY CORPOEGY.OB
Wolfe Thomas D
Sr. VP-Engineering & Developme
Transactions
- Award
Stock Option (Right to Buy)
2006-12-22+747,193→ 747,193 totalExercise: $0.39Exp: 2016-12-22→ Common Stock (747,193 underlying) - Award
Stock Option (Right to Buy)
2006-12-22+200,000→ 200,000 totalExercise: $0.39Exp: 2016-12-22→ Common Stock (200,000 underlying)
Footnotes (3)
- [F1]447,193 options vest immediately upon grant. 25,000 options vest on the earlier of shareholder approval of the Open Energy Corporation 2006 Equity Incentive Plan or 12/1/2007, with installments of 25,000 options vesting on the last day of each calendar quarter thereafter. All remaining options unvested will vest on 12/31/2009.
- [F2]Provided optionee is continuing to provide service to the Issuer.
- [F3]16,666 options vest for period ending 3/31/2007. 16,666 options vest on the earlier of shareholder approval of the Open Energy Corporation 2006 Equity Incentive Plan or 12/1/2007, with installments of 16,666 options vesting on the last day of each calendar quarter thereafter subject to optionee's performance as measured against performance goals and objectives.