HANSBROUGH STEPHEN J 4
4 · HEARUSA INC · Filed Feb 11, 2010
Insider Transaction Report
Form 4
HEARUSA INCEAR
HANSBROUGH STEPHEN J
DirectorChief Executive Officer
Transactions
- Award
Stock Options
2010-02-09+180,000→ 180,000 totalExercise: $1.35Exp: 2020-02-09→ Common Stock (180,000 underlying) - Award
Restricted Stock Units
2010-02-09+94,500→ 94,500 total→ Common Stock (94,500 underlying)
Footnotes (4)
- [F1]The option to purchase 180,000 shares of common stock was awarded on February 9, 2010 pursuant to the Company's stockholder approved 2007 plan in a transaction exempt under Rule 16b-3 and becomes exercisable ratably over four years starting on February 9, 2011.
- [F2]Each restricted stock unit represents a contingent right to receive one share of HearUSA, Inc. common stock.
- [F3]The restricted stock units were awarded on February 9, 2010 under the HearUSA, Inc. Amended and Restated 2007 Incentive Compensation Plan in a transaction exempt under Rule 16b-3 and vest in three equal annual installments once performance criteria are met (i.e., February 2011, February 2012 and February 2013).
- [F4]The 94,500 restricted stock units are subject to forfeiture depending upon achievement in 2010 of performance criteria estalished by the Compensation Committee.