WADE ROBERT E 4
4 · ARC WIRELESS SOLUTIONS INC · Filed Mar 6, 2007
Insider Transaction Report
Form 4
ARC WIRELESS SOLUTIONS INCARCS.OB
WADE ROBERT E
Director
Transactions
- Award
Common Stock
2007-01-09$0.10/sh+40,000$4,000→ 3,774,238 total
Holdings
- 125,000
Options: Right to Buy
Exercise: $0.13From: 2006-02-21Exp: 2008-02-21→ Common Stock (125,000 underlying) - 50,000(indirect: By Spouse)
Common Stock
Footnotes (2)
- [F1]In accordance with the 1997 Stock Option and Compensation Plan and the Issuer's policies concerning option grants to outside Directors, on February 21, 2006, Mr. Wade received a grant of options to purchase 125,000 shares with a two year term, 25,000 of which become exercisable for each meeting of the Board of Directors attended by Mr. Wade as an outside director.
- [F2]Acquired pursuant to the Issuer's 1997 Stock Option and Compensation Plan in lieu of Mr. Wade's outside Director's Meeting Fee of $4,000 for the meetings of the Board of Directors for the quarter ended December 31, 2006. The amount of shares was determined according to the closing price of the Common Stock on December 29, 2006.