CENSULLO ROBERT 4
4 · WIRELESS TELECOM GROUP INC · Filed Jan 5, 2011
Insider Transaction Report
Form 4
CENSULLO ROBERT
Chief Financial Officer
Transactions
- Award
Stock Option
2010-11-08+50,000→ 50,000 totalExercise: $0.75Exp: 2020-11-08→ Common Stock (50,000 underlying)
Footnotes (2)
- [F1]The options will fully vest and become exercisable upon the date on which the Board of Directors (the "Board") of Wireless Telecom Group, Inc. (the "Issuer") shall have determined that certain performance milestones have been achieved by the Issuer in any one fiscal year after the fiscal year ended December 31, 2010 or the date on which a "Change-of-Control" (as defined in the Stock Option Agreement dated November 8, 2010 (the "Option Agreement")) of the Issuer is consummated, subject to certain restrictions set forth in the Option Agreement.
- [F2]The options may expire earlier than this date if the Reporting Person ceases to be employed by the Issuer, whether voluntarily, involuntarily or by reason of the Reporting Person's death, as set forth in the Option Agreement.