Howson David 4
4 · ACCELR8 TECHNOLOGY CORP · Filed May 1, 2012
Insider Transaction Report
Form 4
Howson David
President
Transactions
- Award
Common Stock Options
2012-04-20+5,000→ 305,000 totalExercise: $1.04From: 2012-04-20Exp: 2014-04-20→ Common Stock (5,000 underlying) - Disposition to Issuer
Common Stock Options
2011-08-19+75,000→ 0 totalExercise: $2.57From: 2005-03-16Exp: 2015-03-16→ Common Stock (75,000 underlying) - Award
Common Stock Options
2011-08-19+75,000→ 0 totalExercise: $2.69From: 2011-08-19Exp: 2013-08-19→ Common Stock (75,000 underlying)
Holdings
- 307,600
Common Stock
Footnotes (2)
- [F1]Amount includes 225,000 shares, which may be purchased by Mr. Howson upon exercise of options which options expire on March 15, 2015, an option to acquire 75,000 shares at a price of $2.69 per share that expire on August 19, 2013 and an option to acquire 5,000 shares at $1.04 per share that expire on April 20,2014.
- [F2]Mr. Howson previoiusly owned 75,000 options exercisable at a price of $2.57 per share that would vest if and only if prior to the expiration date of the Options, the Company closed on a transfer for the sale of the Company assets or the acquisition of the Company in which the Company's shareholders receive aggregate consideration at closing equal to or greater than $250,000,000. On August 19, 2011, the Compensation Committee cancelled these options and granted Mr. Howson options that did not contain this contingency at the then closing price of the Company's common stock.