Mulder Fred J. 4
4 · LITHIUM TECHNOLOGY CORP · Filed Nov 15, 2010
Insider Transaction Report
Form 4
Mulder Fred J.
Director
Transactions
- Award
Warrants (Right to Buy)
2010-11-11+67,449,427→ 67,449,427 totalExercise: $0.02Exp: 2014-12-31→ Common Stock (67,449,427 underlying)
Footnotes (1)
- [F1]The Warrants were issued pursuant to an Amended and Restated Transaction Bonus Plan (the "Plan") and will vest and be exercisable at any time or from time to time on or after the date of issuance that the Company executes certain Strategic Investor Agreements relating to the Acquisition Transaction (as such terms are defined in the Plan) (the "Vesting Date") provided that (i) the Warrants are reviewed and found to be fair to the Company by an independent person or firm with expertise in the area of transaction bonus compensation and (ii) the warrant holder is providing services to the Company on the Vesting Date, subject to the exceptions set forth in the Plan.