MTM Technologies, Inc. 4
4 · MTM Technologies, Inc. · Filed Apr 19, 2005
Insider Transaction Report
Form 4
Stringer Leroy Steven
Executive VP and COO
Transactions
- Award
Stock Option (Option to Buy)
2005-04-15+47,200→ 47,200 totalExercise: $4.05Exp: 2015-04-15→ Common Stock (47,200 underlying) - Award
Restricted Stock Units
2005-04-15+5,900→ 5,900 totalExercise: $0.00Exp: 2010-04-15→ Common Stock (5,900 underlying)
Footnotes (2)
- [F1]The 47,200 options will become exercisable in four equal installments of 11,800 each commencing on 04/15/06.
- [F2]The 5,900 Restricted Stock Units vest on 04/15/10, provided that vesting will accelerate in the event that the Common Stock of MTM trades at $10 or higher for any thirty trading days (does not have to be consecutive) within a sixty trading day period, provided further that such trading price based accelerated vesting will not occur prior to 04/15/06.