INNIS DONALD R 4
4 · STELLAR TECHNOLOGIES, INC. · Filed Jun 23, 2006
Insider Transaction Report
Form 4
STELLAR TECHNOLOGIES, INC.SLLR.OB
INNIS DONALD R
President
Transactions
- Award
Employee Stock Option (Right to Buy)
2006-06-21+500,000→ 500,000 totalExercise: $0.40Exp: 2015-12-15→ Common Stock (500,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2006-06-21−242,500→ 242,500 totalExercise: $1.76Exp: 2014-02-03→ Common Stock (242,500 underlying) - Award
Employee Stock Option (Right to Buy)
2006-06-21+242,500→ 242,500 totalExercise: $1.76Exp: 2014-02-03→ Common Stock (242,500 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2006-06-21−500,000→ 500,000 totalExercise: $0.40Exp: 2015-12-15→ Common Stock (500,000 underlying)
Footnotes (2)
- [F1]The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The amendment extends the time during which the option can be exercised after termination of employment in the event that such termination is without cause. The option was originally granted on February 3, 2004 and vested in full on February 3, 2005.
- [F2]The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The amendment provides for the acceleration of vesting upon termination of employment without cause and extends the time during which the option can be exercised after termination of employment without cause. The option was originally granted on December 16, 2005 and vests in three equal installments on December 16, 2006, December 16, 2007 and December 16, 2008.