MCCUBBIN JAMES T 4
4 · WIDEPOINT CORP · Filed Nov 19, 2010
Insider Transaction Report
Form 4
MCCUBBIN JAMES T
DirectorCFO, VP, Secretary
Transactions
- Exercise/Conversion
Option to Buy
2010-11-18−100,000→ 0 totalExercise: $0.17From: 2001-01-02Exp: 2011-01-02→ Common Stock (100,000 underlying) - Sale
Common Stock
2010-11-18$1.22/sh−25,000$30,500→ 1,850,203 total - Award
Common Stock
2010-11-18+250,000→ 1,775,203 total - Exercise/Conversion
Common Stock
2010-11-18$0.17/sh+100,000$17,000→ 1,875,203 total
Footnotes (3)
- [F1]This grant of 250,000 shares of restricted stock was made by the Registrant's Compensation Committee to the reporting person on November 18, 2010 and vests cumulatively upon the earlier to occur of (a) the seventh anniversary date of the grant, or (b) an acceleration event as determined on the date of grant by the Compensation Committee and set forth in the reporting person's award of restricted stock.
- [F2]The shares of common stock were sold to cover taxes incurred as a result of the exercise of stock options on November 18, 2010.
- [F3]These shares were sold at a range of sale prices from $1.21 to $1.23. The reporting person will provide upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.