COUSTEAU JEAN MICHEL 4
4 · ULTRASTRIP SYSTEMS INC · Filed Oct 31, 2003
Insider Transaction Report
Form 4
COUSTEAU JEAN MICHEL
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) - Gift
Common stock
2000-08-16+100,000→ 100,000 total - Award
Employee Stock Options
2001-12-20+50,000→ 50,000 totalExercise: $5.00Exp: 2011-12-20→ Common Stock (50,000 underlying) - Gift
Common stock
2001-02-08+100,000→ 200,000 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]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.
- [F3]Options vest as follows: 33% on 12/20/2002, 33% on 12/20/2003 and 33% on 12/20/2004.