FURROW SAMUEL J JR 4
4 · INNOVO GROUP INC · Filed May 31, 2005
Insider Transaction Report
Form 4
INNOVO GROUP INCINNO
FURROW SAMUEL J JR
Interim CEO
Transactions
- Exercise/Conversion
Common Stock
2005-05-28$1.25/sh+150,000$187,500→ 1,286,604 total - Tax Payment
Common Stock
2005-05-28$5.38/sh−76,017$408,971→ 1,210,587 total - Exercise/Conversion
Nonqualified Employee Stock Option (right to buy)
2005-05-28−150,000→ 0 totalExercise: $1.25From: 2001-06-05Exp: 2005-06-05→ Common Stock (150,000 underlying)
Footnotes (3)
- [F1]This amount does not assume the next reported transaction which occured simultaneously with the stock option exercise.
- [F2]In connection with the exercise of Mr. Furrow's stock options and in accordance with his option agreement, Mr. Furrow surrendered 34,851 shares previously owned for more than 6 months to the company for payment of the exercise price and irrevocably instructed the company to withhold 41,166 shares to pay his minimum tax withholding obligation incurred in connection with the exercise of his expiring stock options.
- [F3]These options were granted pursuant to the 2000 Employee Stock Option Plan.