BROWN JAMES A 4
4 · Ashlin Development Corp · Filed Jan 31, 2005
Insider Transaction Report
Form 4
Ashlin Development CorpHNNS.OB
BROWN JAMES A
DirectorCEO & Secretary
Transactions
- Award
Common Stock
2005-01-28+300,000→ 400,000 total
Footnotes (1)
- [F1]The shares were acquired pursuant to the Employment Agreement dated November 19, 2004, which became effective upon the effectiveness of the Plan of Reorganization of the issuer on January 28,2005 (the "Effective Date"). The shares have been granted to Mr. Brown as partial consideration for his services under the Employment Agreement, and have an agreed value as of the Effective Date of $0.04 per share.