Schnell Lonnie D 4
4 · TALON INTERNATIONAL, INC. · Filed Aug 3, 2010
Insider Transaction Report
Form 4
Schnell Lonnie D
DirectorCEO and CFO
Transactions
- Award
Restricted Stock Units
2010-07-30+5,778,500→ 5,778,500 total→ Common Stock (5,778,500 underlying) - Disposition to Issuer
Stock Option (Right to Buy)
2010-07-30−400,000→ 0 totalExercise: $0.59Exp: 2016-01-26→ Common Stock (400,000 underlying)
Footnotes (3)
- [F1]These options were canceled. These stock options were originally granted on January 26, 2006 and became exercisable with respect to 100,000 shares on January 26, 2007, and with respect to the remaining shares in 36 equal monthly installments thereafter.
- [F2]Each restricted stock unit represents a contingent right to receive 1 share of Talon International, Inc. common stock.
- [F3]Vests 50% on the date which is thirteen months following July 30, 2010 and thereafter 10% will vest on each date which is eighteen, twenty-four, thirty, thirty-six and forty-two months following July 30, 2010. Vested shares will be delivered to the reporting person as soon as practicable following the applicable vesting date.