SFORZA ENTERPRISES INC 4
4 · SFORZA ENTERPRISES INC · Filed Dec 20, 1999
Insider Transaction Report
Form 4
Fresne, Donald C.
DirectorOfficer
Transactions
- Disposition to Issuer
Common Stock
1998-10-27+30,000Exercise: $2.50→ Common Stock (30,000 underlying) - Disposition to Issuer
Common Stock
1998-10-27+20,000Exercise: $4.44→ Common Stock (20,000 underlying) - Award
Common Stock
1999-05-10+20,000Exercise: $0.88→ Common Stock (20,000 underlying) - Award
Common Stock
1999-05-10+30,000Exercise: $0.88→ Common Stock (30,000 underlying)
Footnotes (6)
- [1]The reported securities were granted to the Reporting Person in accordance with the First Amendment to Employment Agreement executed on May 10, 1999, and pursuant to the Company's Equity Incentive Plan (the "Plan").
- [2]The reported securities were granted to the Reporting Person in accordance with the Employment Agreement executed on October 27, 1998 (the "Employment Agreement"), and pursuant to the Plan. On May 10, 1999, the Reporting Person executed a First Amendment to Employment Agreement which cancelled the subject incentive stock options ("ISOs") granted by the Employment Agreement.
- [3]The reported securities were granted as non-qualified stock options ("NQSOs") to the Reporting Person in accordance with the First Amendment to Employment Agreement executed on May 10, 1999, and pursuant to the Option to Purchase Common Stock of Sforza Enterprises, Inc.
- [4]The Reporting Person, according to the terms of the Employment Agreement executed on October 27, 1998 and the First Amendment to Employment Agreement executed on May 10, 1999, may exercise one-half (15,000) of the options commencing November 1, 1999, and may exercise the remaining (15,000) options commencing November 1, 2000.
- [5]The reported securities were granted to the Reporting Person pursuant to the First Amendment to Employment Agreement executed on October 27, 1998. On May 10, 1999, the Reporting Person executed a First Amendment to Employment Agreement which cancelled the NQSOs granted by the Employment Agreement.
- [6]The Reporting Person, according to the terms of the Employment Agreement executed on October 27, 1998, may exercise one-half (15,000) of the options commencing October 27, 1999, and may exercise the remaining (15,000) options commencing October 27, 2000. Gerald J. Visconti, Jr. 12/17/99 ------------------------------- -------- **