Benson Susan C 4
4 · SPACEDEV INC · Filed May 31, 2005
Insider Transaction Report
Form 4
SPACEDEV INCSPDV
Benson Susan C
Director10% Owner
Transactions
- Other
Stock Option
2005-05-24$1.50/sh−250,000$375,000→ 750,000 totalExercise: $1.50Exp: 2010-07-16→ Common Stock (250,000 underlying) - Other
Stock Options
2005-05-24$0.95/sh−5,000$4,735→ 1,250,000 totalExercise: $0.95From: 2002-08-27Exp: 2006-08-27→ Common Stock (5,000 underlying) - Other
Stock Options
2005-05-24$1.00/sh−250,000$250,000→ 1,000,000 totalExercise: $1.00From: 2000-07-16Exp: 2010-07-16→ Common Stock (250,000 underlying) - Other
Stock option
2005-05-24$3.00/sh−250,000$750,000→ 0 totalExercise: $3.00Exp: 2010-07-16→ Common Stock (250,000 underlying)
Footnotes (2)
- [F1]These options were transferred into the name of James W. Benson as part of a Stipulation and Order filed on May 24, 2005. The Order sets aside the property settlement agreement dated November 18, 2004 which placed half of the options held by James W. Benson into the name of Susan C. Benson.
- [F2]Options are exercisable upon reaching certain goals as outlined in the employment agreement dated January 21, 2000, as amended.