BARATTA SCOTT R 4
4 · ULTRASTRIP SYSTEMS INC · Filed Oct 28, 2003
Insider Transaction Report
Form 4
BARATTA SCOTT R
Senior VP of Finance
Transactions
- Award
Employee Stock Options
2001-01-01+100,001→ 100,001 totalExercise: $3.00Exp: 2007-12-31→ Common Stock (100,001 underlying) - Award
Employee Stock Options
2001-01-01+99,999→ 99,999 totalExercise: $3.00Exp: 2007-12-31→ Common Stock (99,999 underlying) - Award
Common Stock
2001-01-01$2.88/sh+50,000$144,000→ 50,000 total - Gift
Common Stock
2003-02-12+5,000→ 55,000 total
Footnotes (3)
- [F1]The Issuer's common stock is not listed on any public exchange or established trading market. The market value of the Issuer's common stock can only be computed by reference to the price at which the common stock was sold by the Issuer at the most recent sale of common stock prior to the determination date.
- [F2]Options vest as follows: 33% on 12/31/2001, 33% on 12/31/2002 and 33% on 12/31/2003.
- [F3]Options vest as follows: 1 share on 12/31/2003, 33,333 shares each on 12/31/2004 and 12/31/2005 and 33,334 shares on 12/31/2006.