Peters Leigh 4
4 · Oilsands Quest Inc · Filed May 18, 2010
Insider Transaction Report
Form 4
Peters Leigh
Vice President, Legal
Transactions
- Award
Stock Option
2010-05-14+350,000→ 350,000 totalExercise: $0.80Exp: 2015-05-14→ Common Stock (350,000 underlying)
Footnotes (1)
- [F1]These options were issued pursuant to the Company's 2006 Stock Option Plan on May 14, 2010. These options vest either: (A) 100% upon attainment by the Company of certain performance goals by April 30, 2013 or such options will be cancelled; or (B) 100% vesting upon a merger acquisition, sale or a change in control. This transaction is exempt from Section 16(b) pursuant to Rule 16b-3(d).