XSUNX INC 4
4 · XSUNX INC · Filed Jan 7, 2008
Insider Transaction Report
Form 4
XSUNX INCXSNX
ANDERSON THOMAS A
Director
Transactions
- Purchase
Option
2007-10-23+1,500,000→ 1,500,000 totalExercise: $0.36Exp: 2007-10-23→ Common Stock (1,500,000 underlying)
Footnotes (1)
- [F1]The options vest as described below: (1) The Option became exercisable in the amount of 1,000,000 shares upon the effective date of the grant for services rendered as a member of the Company Board of Directors from the period beginning October 1, 2003 through September 30, 2007. (2) Beginning October 1, 2007, the Option became exercisable at the rate of 62,500 shares upon the anniversary of each calendar quarter of continuous service as a Director, or prorated portion thereof, for services rendered as a member of the Company Board of Directors up to a total of 500,000 shares.