Smith Frank W. 4
4 · ENTECH SOLAR, INC. · Filed Mar 26, 2010
Insider Transaction Report
Form 4
Smith Frank W.
DirectorChief Executive Officer
Transactions
- Award
Stock Option (Right to buy)
2010-03-10+500,000→ 3,600,000 totalExercise: $0.17Exp: 2020-03-10→ Common Stock (500,000 underlying)
Footnotes (2)
- [F1]One-third of the options vest on March 10, 2010 (the "Vesting Start Date"), one-third of the options vest on the one-year anniversay of the Vesting Start Date and the remaining one-third, on the two-year anniversary of the Vesting Start Date.
- [F2]In the event the employee's relationship with the Company is terminated, then the option shall expire (i) ten years from the date of grant in the event the exercise price is less than the closing price on the date of termination or (ii) ten years from the date of termination in the event the exercise price is equal to or more than the closing price on the date of termination.