Gingras Leo Gerard 4
4 · NUTRACEA · Filed Jul 9, 2010
Insider Transaction Report
Form 4
NUTRACEANTRZ
Gingras Leo Gerard
President, COO
Transactions
- Disposition to Issuer
Stock Option
2010-07-07$0.22/sh+1,500,000$330,000→ 0 totalExercise: $0.22From: 2009-07-28Exp: 2014-07-28→ Common Stock (1,500,000 underlying) - Award
Stock Option
2010-07-07$0.20/sh+1,500,000$300,000→ 1,500,000 totalExercise: $0.20From: 2009-07-28Exp: 2014-07-28→ Common Stock (1,500,000 underlying) - Award
Stock Option
2010-07-07$0.20/sh+4,500,000$900,000→ 4,500,000 totalExercise: $0.20From: 2010-07-07Exp: 2020-07-07→ Common Stock (4,500,000 underlying)
Footnotes (2)
- [F1]900,000 shares of the option vested on July 7, 2010, and 900,000 shares will vest on the effective date as defined in the Plan of Reorganization filed with the United States Bankruptcy Court for the District of Arizona. The remaining 2,700,000 shares will vest in equal monthly installments on the last business day of each month over the 48 month period commencing on the last business day of the month of the effective date.
- [F2]Effective July 7, 2010, NutraCea's board of directors repriced the exercise price of all compensatory options to purchase common stock held by employees to $0.20. No other terms of this option changed.