SIENA TECHNOLOGIES, INC. 4
4 · SIENA TECHNOLOGIES, INC. · Filed Jun 1, 2007
Insider Transaction Report
Form 4
HULTMAN JEFFREY R
DirectorChairman and CEO
Transactions
- Disposition to Issuer
Warrants (Right to Buy)
2007-05-25−2,555,000→ 0 totalExercise: $0.10Exp: 2015-03-07→ Common Stock (2,555,000 underlying) - Disposition to Issuer
Employee Stock Options (Right to Buy)
2007-05-25−500,000→ 0 totalExercise: $0.39Exp: 2016-09-21→ Common Stock (500,000 underlying)
Footnotes (3)
- [F1]The warrants were to vest upon the earlier of (i) the reporting person's separation from employment with the Company, (ii) a change of control of the Company, or (iii) December 1, 2009.
- [F2]The options vesting schedule was as follows: 1/6 as of March 21, 2007 and 1/12 each quarter thereafter.
- [F3]The options were cancelled pursuant to a Separation Agreement and General Release between Siena Technologies, Inc. and the reporting person, which was entered into in connection with the reporting person's resignation as an officer and director of the Company.