ALTUS EXPLORATIONS INC 4
4 · ALTUS EXPLORATIONS INC · Filed Jun 6, 2005
Insider Transaction Report
Form 4
ALTUS EXPLORATIONS INC#bqa3jbi
NASTAT BASSAM
Director10% Owner
Transactions
- Sale
common shares
2005-06-02$0.32/sh−30,000$9,600→ 5,092,000 total
Holdings
- 1,175,000
Stock Options
Exercise: $0.42From: 2005-11-19Exp: 2014-11-19→ Common (1,175,000 underlying)
Footnotes (1)
- [F1](1) 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.