Sage Michael P 4
4 · Orchids Paper Products CO /DE · Filed Jul 15, 2005
Insider Transaction Report
Form 4
Sage Michael P
DirectorCEO and President
Transactions
- Award
Stock Option (Right to Buy)
2005-07-14+155,000→ 155,000 totalExercise: $8.00From: 2005-04-14Exp: 2015-04-13→ Common Stock (155,000 underlying)
Footnotes (1)
- [F1]The options were granted on April 14, 2005 with an exercise price equal to the public offering price in the Company's initial public offering. 20% of the options vested on the date of grant, with the remaining 80% vesting ratably over the next four years.