Thomas John Franklin 4
4 · PASSUR Aerospace, Inc. · Filed Aug 13, 2019
Insider Transaction Report
Form 4
Thomas John Franklin
Director
Transactions
- Award
Stock Option (right to buy)
2019-08-12+300,000→ 380,000 totalExp: 2029-08-12→ Common Stock (300,000 underlying)
Footnotes (3)
- [F1]The stock option was granted under the issuer's 2019 Stock Incentive Plan in connection with the reporting person's appointment as Executive Vice Chairman of the Board of Directors of the issuer.
- [F2]The options are exercisable at the following strike prices: (i) 100,000 shares at $1.45 per share; (ii) 100,000 shares at $2.45 per share; and (iii) 100,000 shares at $3.45 per share.
- [F3]The options are exercisable in equal annual installments over a five-year period, with the first installment being exercisable on August 12, 2020.