OLIVERI THOMAS 4
4 · Clear Skies Solar, Inc · Filed Jan 21, 2010
Insider Transaction Report
Form 4
OLIVERI THOMAS
President & COO
Transactions
- Award
EMPLOYEE STOCK OPTION (RIGHT TO BUY)
2010-01-19+400,000→ 400,000 totalExercise: $0.17Exp: 2020-01-18→ COMMON STOCK (400,000 underlying) - Gift
SERIES B CONVERTIBLE PREFERRED STOCK
2010-01-19+10,000→ 10,000 total
Footnotes (2)
- [F1]Each share of Series B Convertible Preferred stock is immediately convertible into ten shares of the Company's common stock.
- [F2]The option is issued pursuant to the 2009 Equity Incentive Plan and vests in two equal installments with 50% of the option to vest on July 18, 2010 and the remaining 50% to vest on January 18, 2011.