Andalay Solar, Inc. 4
4 · Andalay Solar, Inc. · Filed Nov 8, 2013
Insider Transaction Report
Form 4
Randazzo Margaret R
Chief Financial Officer
Transactions
- Award
Common Stock, $0.001 par value
2013-11-06+1,250,000→ 1,284,025 total - Award
Stock options
2013-11-06+2,500,000→ 2,500,000 totalExercise: $0.03From: 2013-11-06Exp: 2018-11-05→ Common Stock (2,500,000 underlying)
Footnotes (2)
- [F1]These shares of common stock are "restricted" and were granted to Ms. Randazzo pursuant to the Andalay Solar, Inc. 2006 Stock Incentive Plan. Restricted stock grants will vest quarterly over one-year period, with first one-fourth vesting on date of grant and second, third and fourth vestings occurring on February 6, 2014, May 6, 2014 and August 6, 2014, respectively. 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]These stock options were granted to Ms. Randazzo pursuant to the Andalay Solar, Inc. 2006 Stock Incentive Plan. Stock option grants will vest annually over three year period, with first one-third vesting on date of grant and second and third vestings occurring on November 6, 2014 and November 6, 2015, respectively.