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ULTRASTRIP SYSTEMS INC·4

Oct 31, 4:31 PM ET

ODWAZNY JOHN P 4

4 · ULTRASTRIP SYSTEMS INC · Filed Oct 31, 2003

Insider Transaction Report

Form 4
Period: 1999-08-15
ULTRASTRIP SYSTEMS INCNone
ODWAZNY JOHN P
DirectorChief Operating Officer
Transactions
  • Award

    Common Stock

    [F1]
    2001-01-01$2.88/sh+100,000$288,000→ 240,000 total
  • Gift

    Common Stock

    [F2]
    2001-07-20−35,000→ 205,000 total
  • Gift

    Common Stock

    [F2][F3]
    2001-07-20+35,000→ 346,112 total(indirect: By Spouse)
  • Gift

    Common Stock

    [F2]
    2001-07-23−5,000→ 200,000 total
  • Sale

    Common Stock

    2001-07-23$2.50/sh−20,000$50,000→ 180,000 total
  • Sale

    Common Stock

    2001-07-23$2.00/sh−6,833$13,666→ 173,167 total
  • Sale

    Common Stock

    2001-07-23$2.00/sh−1,000$2,000→ 172,167 total
  • Sale

    Common Stock

    2001-07-23$2.00/sh−1,666$3,332→ 170,501 total
  • Sale

    Common Stock

    2001-07-23$2.00/sh−2,101$4,202→ 168,400 total
  • Sale

    Common Stock

    2001-10-16$2.00/sh−1,000$2,000→ 167,400 total
  • Sale

    Common Stock

    2002-03-11$1.30/sh−12,205$15,867→ 155,195 total
  • Sale

    Common Stock

    2002-03-11$1.30/sh−2,000$2,600→ 153,195 total
  • Gift

    Common Stock

    [F2]
    2003-02-12+5,000→ 158,195 total
  • Gift

    Common Stock

    [F2]
    2003-06-20−1,000→ 157,195 total
  • Gift

    Common Stock

    [F2]
    2003-07-25−1,000→ 156,195 total
  • Award

    Employee Stock Opions

    [F4]
    1999-08-15+50,000→ 50,000 total
    Exercise: $7.50From: 1999-08-15Exp: 2002-08-15→ Common Stock (50,000 underlying)
  • Award

    Employee Stock Opions

    [F5]
    2001-01-01+99,999→ 99,999 total
    Exercise: $3.00Exp: 2007-12-31→ Common Stock (99,999 underlying)
  • Award

    Employee Stock Opions

    [F6]
    2001-01-01+300,001→ 300,001 total
    Exercise: $3.00Exp: 2007-12-31→ Common Stock (300,001 underlying)
  • Award

    Employee Stock Opions

    [F7]
    2001-12-20+50,000→ 50,000 total
    Exercise: $5.00Exp: 2011-12-20→ Common Stock (50,000 underlying)
Footnotes (7)
  • [F1]As a result of a 4-for-1 stock split of the Issuer's shares on 11/15/1999, the Reporting Person acquired an additional 105,000 shares.
  • [F2]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.
  • [F3]As a result of a 4-for-1 stock split of the Issuer's shares on 11/15/1999, the Reporting Person beneficially acquired an additional 233,334 shares.
  • [F4]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.
  • [F5]Options vest as follows: 33% on 12/31/2001, 33% on 12/31/2002 and 33% on 12/31/2003.
  • [F6]Options vest as follows: 1 share on 12/31/2003, 100,000 shares each on 12/31/2004, 12/31/2005 and 12/31/2006.
  • [F7]Options vest as follows: 33% on 12/20/2002, 33% on 12/20/2003 and 33% on 12/20/2004.
Signature
/s/ John P. Odwazny|2003-10-31

Documents

1 file
  • 4
    odwazny_ex.xmlPrimary