Imperato Douglas P 4
4 · ASPEN EXPLORATION CORP · Filed Oct 2, 2009
Insider Transaction Report
Form 4
Imperato Douglas P
Director
Transactions
- Other
Option
2009-09-30−8,333→ 4,530 totalExercise: $2.14From: 2008-09-30Exp: 2013-02-27→ Common Stock (8,333 underlying)
Holdings
- 3,000
Common Stock - $.005 Par Value
Footnotes (1)
- [F1]On February 27, 2008 Mr. Imperato was granted an option to purchase 25,000 of common stock pursuant to the Aspen Exploration Corporation 2008 Equity Plan. 1/3 of the shares were to vest on each September 30, of 2008, 2009, and 2010 if certain performance criteria are met. On September 30, 2008, 4,530 of the options were deemed earned (based on the 2008 fiscal year performance criteria), and 3,803 were deemed unearned; on September 30, 2009 8,333 of the options were deemed unearned (and thus did not vest); and as of the date of this filing 8,333 remain unvested and will only vest if certain company performance objectives are met during the 2010 fiscal year. The unvested options are not yet subject to the reporting requirements.