ALTUS EXPLORATIONS INC 4
4 · ALTUS EXPLORATIONS INC · Filed May 18, 2005
Insider Transaction Report
Form 4
NASTAT BASSAM
Director10% Owner
Transactions
- Sale
Common Shares
2005-05-16$0.58/sh−10,000$5,850→ 5,138,000 total
Holdings
- 1,175,000
Stock Options
Exercise: $0.42From: 2005-11-19Exp: 2014-11-19→ Common (1,175,000 underlying)
Footnotes (1)
- [F1]These shares will vest as to one quarter of the shares on each anniversary of the date of grant for a period of four years (ie. November 19, 2005, November 19, 2006, November 19, 2007 and November 19, 2008). Notwithstanding the previous vesting schedule, should the Company's stock trade at over $1.01 for 10 consecutive trading days, the options shall vest immediately.