VERSUS TECHNOLOGY INC 4
4 · VERSUS TECHNOLOGY INC · Filed May 30, 2003
Insider Transaction Report
Form 4
VERSUS TECHNOLOGY INCVSTI.OB
No transactions or holdings reported in this filing.
Footnotes (2)
- [F1]Options issued to reporting person pursuant to the Company's 1999 Stock Option Plan; no portion presently exercisable; option exercisable when both (a) net profit before taxes is at least 10% of sales and (b)(i) when sales exceed $6,000,000, 25% is exercisable; (ii) when sales exceed $7,000,000 a total of 50% is exercisable, (iii) when sales exceed $8,000,000 a total of 75% is exercisable, and (iv) when sales exceed $9,000,000, all of the option is exercisable.
- [F2]Option granted at fair market value to director for services.