ALTUS EXPLORATIONS INC 4
4 · ALTUS EXPLORATIONS INC · Filed Aug 24, 2005
Insider Transaction Report
Form 4
NASTAT BASSAM
Director10% Owner
Transactions
- Sale
Common shares
2005-08-22$0.23/sh−40,000$9,200→ 4,987,000 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 of period of four years (i.e., 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.