RABENOU VICKI 4
4 · TISSERA INC · Filed Apr 12, 2004
Insider Transaction Report
Form 4
TISSERA INCTSSR
RABENOU VICKI
DirectorCEO
Transactions
- Exercise/Conversion
Common Stock
2004-04-06$0.30/sh+101,696$30,509→ 101,696 total - Sale
Common Stock
2004-04-06$5.07/sh−101,696$515,599→ 0 total - Exercise/Conversion
Stock Options
2004-04-06$0.30/sh−110,000$33,000→ 2,097,415 totalExercise: $0.30→ Common Stock (101,696 underlying)
Footnotes (2)
- [F1]Dr. Rabenou exercised 110,000 of her stock options on a cashless basis which resulted in the issuance of 101,696 shares of common stock.
- [F2]Tissera, Inc. granted Dr. Vicki Rabenou a stock option to purchase 2,267,046 shares of common stock. The Stock Options vest and become exercisable in 36 equal monthly installments starting on April 1, 2004 in which the first six installment shall be vested and exercisable. The additional 30 installments shall then become vested over a 30 month period. The Stock Options expire (5) years after the date they vest and become exercisable, but in any case not later than six (6) months after termina tion of the reporting person's employment agreement.