4//SEC Filing
SKIPTUNIS RAYMOND J 4
Accession 0001125282-04-000109
CIK 0001024075other
Filed
Jan 11, 7:00 PM ET
Accepted
Jan 12, 3:22 PM ET
Size
11.2 KB
Accession
0001125282-04-000109
Insider Transaction Report
Form 4
SKIPTUNIS RAYMOND J
Director
Transactions
- Other
Common Stock
2004-01-08$0.66/sh+107,773$71,130→ 157,773 total
Holdings
- 514,816
Nonqualified Stock Option
Exercise: $0.92From: 2002-11-08Exp: 2012-11-07→ Common Stock (514,816 underlying) - 100,000
Stock Purchase Warrant
Exercise: $2.00From: 2002-06-05Exp: 2007-06-05→ Common Stock (100,000 underlying)
Footnotes (1)
- [F1]Mr. Skiptunis purchased the shares of common stock from Power Efficiency through the cancellation of debt. The debt consisted of $71,130.61 of deferred salary owed by Power Efficiency to Mr. Skiptunis pursuant to Mr. Skiptunis's Employment Agreement dated November 7, 2002. The payment of the deferred salary was contingent upon Power Efficiency having positive cash flow from operations for 3 consecutive months.
Documents
Issuer
POWER EFFICIENCY CORP
CIK 0001024075
Entity typeother
Related Parties
1- filerCIK 0001272559
Filing Metadata
- Form type
- 4
- Filed
- Jan 11, 7:00 PM ET
- Accepted
- Jan 12, 3:22 PM ET
- Size
- 11.2 KB