Aholt Robert Joseph JR 4
4 · PHASE III MEDICAL INC/DE · Filed Jul 22, 2005
Insider Transaction Report
Form 4
Aholt Robert Joseph JR
Chief Operating Officer10% Owner
Transactions
- Award
Stock option (right to buy)
2005-07-20+1,500,000→ 1,500,000 totalExercise: $0.06Exp: 2015-07-20→ Common Stock (1,500,000 underlying)
Footnotes (2)
- [F1]1,000,000 of the options vest immediately upon the date of grant and the remainder of the options shall vest in two equal annual installments beginning one year from the date of grant.
- [F2]If the filing person pays the exercise price with shares of common stock, the plan committee appointed by the Board of Directors may, in its discretion, grant the filing person an option with a reload feature. A reload stock option, which will be granted at the same time that payment is received on the option exercise, will grant the filing person the option to purchase (i) the number of shares of common stock equal to the sum of the number of shares used to exercise the option (or the number of shares not received if the filing person paid the option price by receiving a reduced number of shares on exercise), or (ii) in the case of non-qualified stock options, the number of shares of common stock used to satisfy any tax withholding requirement related to the exercise of such option. The term of a reload option will be equal to the remaining term of the option which gave rise to the reload option.