Cook Brian Gerald 4
4 · PASSUR Aerospace, Inc. · Filed Feb 14, 2020
Insider Transaction Report
Form 4
Cook Brian Gerald
Director
Transactions
- Award
Stock Option (right to buy)
2020-02-12+500,000→ 500,000 totalExp: 2030-02-12→ Common Stock (500,000 underlying)
Footnotes (3)
- [F1]The stock options were granted under the issuer's 2019 Stock Incentive Plan in connection with the Reporting Person's appointment as Chief Executive Officer of the issuer.
- [F2]The options are exercisable at the following exercise prices: (i) 100,000 shares at $1.05 per share; (ii) 100,000 shares at $2.00 per share; (iii) 100,000 shares at $2.50 per share; (iv) 100,000 shares at $3.00 per share; and (v) 100,000 shares at $3.50 per share.
- [F3]The options vest in equal annual installments over a five-year period, with the first installment being exercisable on February 12, 2021.