ECOSPHERE TECHNOLOGIES INC 4
4 · ECOSPHERE TECHNOLOGIES INC · Filed Jul 8, 2008
Insider Transaction Report
Form 4
ECOSPHERE TECHNOLOGIES INCESPH.OB
GRADY KEVIN P
10% Owner
Transactions
- Award
Stock Options
2008-07-03+300,000→ 300,000 totalExercise: $0.45Exp: 2013-07-03→ Common Stock (300,000 underlying) - Award
Stock Appreciation Rights
2008-07-03+300,000→ 300,000 totalExercise: $0.45Exp: 2013-07-03→ Common Stock (300,000 underlying)
Footnotes (4)
- [F1]The employee stock options and stock appreciation rights were granted in tandem. Accordingly, the exercise of one results in the expiration of the other.
- [F2]All of the employee stock options vest in equal increments each June 30 and December 31, over three years subject to his continued employment with Ecosphere on each applicable vesting date.
- [F3]Not applicable.
- [F4]The stock appreciation rights are only exercisable if Ecosphere does not have sufficient authorized capital to permit all outstanding options and warrants to be exercised. The stock appreciation rights may only be settled in cash.