Randazzo Margaret R 4
4 · Akeena Solar, Inc. · Filed Jul 28, 2010
Insider Transaction Report
Form 4
Randazzo Margaret R
Chief Financial Officer
Transactions
- Award
Stock Option (Right to Buy)
2010-07-26+75,000→ 200,000 totalExercise: $0.87From: 2011-07-26Exp: 2015-07-25→ Common Stock (75,000 underlying) - Award
Common Stock, $0.001 par value
2010-07-26$0.87/sh+20,000$17,400→ 30,000 total
Footnotes (2)
- [F1]These shares of common stock are "restricted" and were granted to Ms. Randazzo pursuant to the Akeena Solar, Inc. 2006 Stock Incentive Plan. Ms. Randazzo's ownership of these shares is scheduled to vest in equal annual installments over a four year period from the date of grant. Until such shares vest, they are subject to forfeiture in accordance with the terms of the grant including Ms. Randazzo's continuing service with the Company; however, Ms. Randazzo is entitled to vote such restricted shares until they are forfeited or transferred.
- [F2]Consists of non-qualified stock options granted pursuant to the Akeena Solar, Inc. 2006 Stock Incentive Plan, which shall vest in equal annual installments over a period of three years, subject to forfeiture in accordance with the terms of the grant including Ms. Randazzo's continuing service with the Company.