MELNICK ROBERT J 4
4 · TEL INSTRUMENT ELECTRONICS CORP · Filed Mar 24, 2009
Insider Transaction Report
Form 4
MELNICK ROBERT J
Director
Transactions
- Award
Stock Option (Right to Buy)
2009-03-18+2,500→ 12,500 totalExercise: $3.89From: 2010-03-18Exp: 2014-03-18→ Common Stock (2,500 underlying)
Footnotes (1)
- [F1]Options become exercisable for 20% of the shares on the first three anniversaries of the grant and 40% of the shares on the fourth anniversary of the grant date.