WIDEPOINT CORP 4
4 · WIDEPOINT CORP · Filed Dec 5, 2013
Insider Transaction Report
Form 4
MANSOURI MICHAEL
CEO-WidePoint Solutions Corp.
Transactions
- Purchase
Common Stock
2013-12-03$1.07/sh+10,000$10,700→ 78,297 total - Purchase
Common Stock
2013-12-03$1.09/sh+7,900$8,611→ 96,997 total - Purchase
Common Stock
2013-12-03$1.08/sh+10,800$11,664→ 89,097 total
Holdings
- 100,000
Option to Buy
Exercise: $0.69From: 2013-01-03Exp: 2018-01-03→ Common Stock (100,000 underlying) - 100,000
Option to Buy
Exercise: $0.46Exp: 2020-01-30→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]The options will fully vest after 5 years on January 3, 2017 and include an acceleration feature that allows early vesting of 1/3 of the options upon achievement of certain 2012 financial targets and early vesting of the remaining 2/3 of the options upon achievement of certain 2013 financial targets.
- [F2]The options will vest 100% on October 31, 2019 provided that Mr. Mansouri remains an employee. The vesting of the options may be accelerated to January 30, 2014 if Mr. Mansouri achieves 110% of his sales goals for 2013.