Wright Rusty 4
4 · STELLAR TECHNOLOGIES, INC. · Filed Jun 23, 2006
Insider Transaction Report
Form 4
STELLAR TECHNOLOGIES, INC.SLLR.OB
Wright Rusty
Senior Vice President of Sales
Transactions
- Award
Employee Stock Option (Right to Buy)
2006-06-21+400,000→ 400,000 totalExercise: $0.20Exp: 2016-02-19→ Common Stock (400,000 underlying) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2006-06-21−400,000→ 400,000 totalExercise: $0.20Exp: 2016-02-19→ Common Stock (400,000 underlying)
Footnotes (1)
- [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 provides for 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 February 20, 2006 and vests in three equal installments on February 20, 2007, February 20, 2008 and February 20, 2009.