SMART ONLINE INC 4
4 · SMART ONLINE INC · Filed Sep 12, 2008
Insider Transaction Report
Form 4
SMART ONLINE INCSOLN
Zoreff Dror
Director
Transactions
- Disposition to Issuer
Common Stock
2008-09-10−7,500→ 2,500 total - Award
Stock Option(Right to Buy)
2008-09-10+15,000→ 15,000 totalExercise: $3.25Exp: 2018-09-10→ Common Stock (15,000 underlying)
Footnotes (2)
- [F1]On September 10, 2008, the reporting person's outstanding restricted stock award was cancelled in exchange for the grant of a stock option to purchase 15,000 shares of the issuer's common stock.
- [F2]This option shall vest and become exercisable in three equal increments on the following dates: October 1, 2008; January 1, 2009; and April 1, 2009.