SAMPSON MARK 4
4 · STELLAR TECHNOLOGIES, INC. · Filed Jun 23, 2006
Insider Transaction Report
Form 4
STELLAR TECHNOLOGIES, INC.SLLR.OB
SAMPSON MARK
DirectorChief Executive Officer
Transactions
- Disposition to Issuer
Employee Stock Option (Right to Buy)
2006-06-21−5,000,000→ 5,000,000 totalExercise: $0.40Exp: 2015-12-12→ Common Stock (5,000,000 underlying) - Award
Employee Stock Option (Right to Buy)
2006-06-21+5,000,000→ 5,000,000 totalExercise: $0.40Exp: 2015-12-12→ Common Stock (5,000,000 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 December 13, 2005 and vests in three equal installments on June 15, 2006, December 15, 2006 and June 15, 2007.