PRECISION AUTO CARE INC 5
5 · PRECISION AUTO CARE INC · Filed Jul 18, 2005
Insider Transaction Report
Form 5
BURROWS JOEL
V.P. Training & Research & Dev
Transactions
- Award
Stock Option
2002-09-27$0.44/sh+25,000$11,000→ 25,000 totalExercise: $0.44Exp: 2012-09-27→ Common Stock (25,000 underlying) - Award
Stock Option
2004-09-28$0.62/sh+30,000$18,600→ 55,000 totalExercise: $0.62From: 2004-09-28Exp: 2014-09-28→ Common Stock (30,000 underlying) - Purchase
Common Stock
2003-06-30+268→ 268 total
Footnotes (3)
- [F1]Joint owner with adult brother, Lloyd Burrows.
- [F2]No transactions ocurred the fiscal year of June 30, 2004 to June 30, 2005. Reporting only the Amount of Securities owned at the end of the fiscal year.
- [F3]May 31, 2002, PACI Board of Directors re-purchased outstanding options of current employees at $.02 per share and re-issued a new Option Agreement for the same number of shares as held previously. The shares in the new Option Agreement vested immediately and had a strike price of $1/share. On or after May 31, 2001, 100% vested (20,000 shares) On or after May 31, 2002, 33 1/3% vested (1,666 shares) On or after May 31, 2001 66 2/3% vested (1,667 shares) On or after May 31, 2002 100% vested (1,667 shares)