REIS MICHAEL 4
4 · Skinny Nutritional Corp. · Filed Dec 28, 2006
Insider Transaction Report
Form 4
Skinny Nutritional Corp.SKNY.OB
REIS MICHAEL
DirectorChief Operating Officer
Transactions
- Award
Employee Options
2006-12-27+500,000→ 500,000 totalExercise: $0.12From: 2006-10-06Exp: 2011-10-06→ Common Stock (500,000 underlying)
Footnotes (1)
- [F1]Option grant was approved by the Issuer's Board of Directors on October 6, 2006, subject to the approval by the Issuer's stockholders of an amendment to the Issuer's Employee Stock Option Plan, which was effective December 27, 2006. Of the options granted, 20% vest immediately and the remainder will vest in equal annual increments of 20% on each anniversary of the date of grant. The exercise price of the initial vested portion of the option award is $0.12 and the exercise price of the unvested portion is $0.25 per share.