GRYPHON GOLD CORP 4
4 · GRYPHON GOLD CORP · Filed Oct 4, 2006
Insider Transaction Report
Form 4
Longinotti Michael Kenneth
Director
Transactions
- Award
Common Stock
2006-09-12+8,000→ 108,000 total - Award
Employee Stock Option (Right to Buy)
2006-09-12+250,000→ 250,000 totalExercise: $1.22Exp: 2011-04-18→ Common (250,000 underlying)
Footnotes (3)
- [F1]Exercise price is CDN$1.37 converted to US dollars based on noon buying rate of the Federal Reserve Bank of New York on date of shareholder approval of grant of US$1.00 to CDN$1.12.
- [F2]Grant approved by board of directors on April 18, 2006, subject to Shareholders approval. Shareholders approved on September 12, 2006.
- [F3]Options will vest: 41667 on Apr 18/07; 41667 on Jul 18/07; 41667 on Oct 18/07; 41667 on Jan 18/08; 41666 on Apr 18/08; 41666 on Jul 18/08.