DATATEC SYSTEMS INC 4
4 · DATATEC SYSTEMS INC · Filed Feb 11, 2004
Insider Transaction Report
Form 4
PUPO RAUL F L
DirectorChief Executive Officer
Transactions
- Award
Stock Option (Right to Buy)
2003-12-29+4,000,000→ 4,000,000 totalExercise: $0.00Exp: 2008-12-28→ Common Stock, $.001 par value per share (4,000,000 underlying)
Footnotes (2)
- [F1]The shares underlying the option shall vest on the following dates with the following exercise prices: 333,333 shares on January 1, 2004, 333,333 shares on March 31, 2004 and 333,334 shares on June 30, 2004, all at an exercise price of $0.50 per share, 333,333 shares on September 30, 2004, 333,333 shares on December 31, 2004 and 333,334 shares on March 31, 2005, all at an exercise price of $1.00 per share, 333,333 shares on June 30, 2005, 333,333 shares on September 30, 2005 and 333,334 shares on December 31, 2005, all at an exercise price of $2.00 per share and 333,333 shares on March 31, 2006, 333,333 shares on June 30, 2006 and 333,334 shares on September 30, 2006, all at an exercise price of $3.00 per share.
- [F2]The option was granted to Mr. Pupo in consideration for services rendered to the Issuer.