BARES JOHN E 4
4 · ULTRASTRIP SYSTEMS INC · Filed Oct 29, 2003
Insider Transaction Report
Form 4
BARES JOHN E
Director
Transactions
- Award
Employee Stock Options
1999-08-15+50,000→ 50,000 totalExercise: $7.50From: 1999-08-15Exp: 2002-08-15→ Common Stock (50,000 underlying) - Award
Employee Stock Options
2001-12-20+50,000→ 50,000 totalExercise: $5.00Exp: 2011-12-20→ Common Stock (50,000 underlying)
Footnotes (2)
- [F1]As a result of a 4-for-1 stock split of the Issuer's shares on 11/15/1999, this option was converted to an option covering 200,000 shares with an exercise price of $1.88 per share.
- [F2]Options vest as follows: 33% on 12/20/2002, 33% on 12/20/2003 and 33% on 12/20/2004.