4//SEC Filing
FURROW SAMUEL J JR 4
Accession 0001128782-05-000001
CIK 0000844143other
Filed
May 30, 8:00 PM ET
Accepted
May 31, 9:45 PM ET
Size
9.4 KB
Accession
0001128782-05-000001
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.
Documents
Issuer
INNOVO GROUP INC
CIK 0000844143
Entity typeother
Related Parties
1- filerCIK 0001128782
Filing Metadata
- Form type
- 4
- Filed
- May 30, 8:00 PM ET
- Accepted
- May 31, 9:45 PM ET
- Size
- 9.4 KB