4//SEC Filing
SOLOMON DONALD D 4
Accession 0001038838-04-000895
CIK 0000790228other
Filed
Sep 28, 8:00 PM ET
Accepted
Sep 29, 7:48 PM ET
Size
13.8 KB
Accession
0001038838-04-000895
Insider Transaction Report
Form 4
SOLOMON DONALD D
DirectorCOO
Transactions
- Award
Common Stock
2004-06-30$0.91/sh+5,441$4,951→ 73,290 total(indirect: By 401(k)) - Disposition to Issuer
Options
2004-09-27−700,000→ 0 totalExercise: $1.23From: 2004-09-27Exp: 2011-11-14→ Common Stock (700,000 underlying) - Award
Common Stock
2004-09-27+228,117→ 303,783 total - Award
Common Stock
2004-03-31$1.15/sh+5,748$6,610→ 73,290 total(indirect: By 401(k)) - Award
Stock Units
2004-09-27+183,647→ 183,647 totalExercise: $0.00From: 2004-09-27→ Common Stock (0 underlying)
Footnotes (2)
- [F1]Shares of common stock purchased through our 401(k) plan at the end of each quarter with funds withheld during that quarter, combined with the Company's matching funds.
- [F2](1) In consideration of the cancellation of options to acquire 700,000 shares of common stock, the reporting person received 228,117 shares of restricted stock and 183,647 stock units under the registrant's 2004 Stock Incentive Plan (the "Plan"). The Stock Units may be awarded, when vested, in the form of cash or common stock at the discretion of the registrant. The restricted stock and stock units are unvested and vest according to the following schedule: (A) no portion of the securities vest prior to the third anniversary of the date on which the securities are issued to the Holder (the "Issue Date"); (B) the securities will become vested in full on the third anniversary of the Issue Date. Notwithstanding the foregoing, the securities shall immediately vest in full upon either: (i) the registrant receiving at least three million five hundred dollars ($3,500,000) in any single fiscal quarter in connection with a license agreement, sale of a product line and/or sale of technology which arrangements or agreements were not in effect as of the issue Date or (ii) there is a change in control of the registrant (as defined in the Plan). If the Plan is not approved the award of the referenced securities will be rescinded and the option disposition referenced in the table will be reinstated.
Documents
Issuer
SPECIALIZED HEALTH PRODUCTS INTERNATIONAL INC
CIK 0000790228
Entity typeother
Related Parties
1- filerCIK 0001254858
Filing Metadata
- Form type
- 4
- Filed
- Sep 28, 8:00 PM ET
- Accepted
- Sep 29, 7:48 PM ET
- Size
- 13.8 KB