BRIGGS ADAM P 4
4 · MILLENNIUM CELL INC · Filed Aug 21, 2003
Insider Transaction Report
Form 4
BRIGGS ADAM P
Senior Vice President
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2003-08-20−50,000→ 0 totalExercise: $10.50Exp: 2011-02-20→ Common Stock (50,000 underlying) - Award
Common Stock
2003-08-20+34,500→ 35,050 total
Footnotes (2)
- [F1]On 8/20/03, the issuer canceled, pursuant to the issuer's option exchange program, options granted to the reporting person on 2/20/01, 6/19/01 and 1/1/02. In exchange for the options, the reporting person received 34,500 shares of restricted stock.
- [F2]The canceled options provided for vesting in three equal annual installments beginning on the first anniversary date of their respective grant dates.