ARC WIRELESS SOLUTIONS INC 4
4 · ARC WIRELESS SOLUTIONS INC · Filed Oct 24, 2003
Insider Transaction Report
Form 4
ARC WIRELESS SOLUTIONS INCARCS.OB
BALABAN SIGMUND A
Director
Transactions
- Award
Common Stock
2003-10-23$0.17/sh+1,515$250→ 1,433,234 total
Holdings
- 125,000
Options: Right to Buy
Exercise: $0.13From: 2002-07-05Exp: 2004-07-05→ Common Stock (125,000 underlying)
Footnotes (2)
- [F1]Acquired pursuant to the Issuer's 1997 Stock Option And Compensation Plan in lieu of Mr. Balaban's outside Director's Meeting Fee of $250 for the meeting of the Board Of Directors held on October 23, 2003. The amount of shares was determined according to the closing price of the Common Stock on the meeting date.
- [F2]In accordance with the 1997 Stock Option And Compensation Plan and the Issuer's policies concerning option grants to outside Directors, on July 5, 2002, Mr. Balaban received a grant of options to purchase 125,000 shares with a two year term, 25,000 of which become exercisable for each meeting of the Board Of Directors attended by Mr. Balaban as an outside director, including the meeting held on October 23, 2003.