BANZHAF THEODORE H 4/A
4/A · SPATIALIGHT INC · Filed Apr 12, 2004
Insider Transaction Report
Form 4/AAmended
SPATIALIGHT INCHDTV
BANZHAF THEODORE H
Exec. VP of Strategic Planning
Transactions
- Purchase
Common Shares
2004-03-31$3.72/sh+2,000$7,440→ 2,000 total - Award
Options (Right to Buy)
2003-07-07−800,000→ 800,000 totalExercise: $2.55From: 2003-07-07Exp: 2006-07-07→ Common Shares (800,000 underlying)
Footnotes (4)
- [F1]Options granted pursuant to the Time Accelerated Restricted Stock Award Plan ("TARSAP") between Mr. Banzhaf and Spatialight, Inc.
- [F2]The TARSAP granted to Mr. Banzhaf options to purchase 800,000 Common Shares, in the aggregate, of SpatiaLight, inc. in the following manner: (i) 125,000 Options which vested as of July 7, 2003 and which Options expire on July 7, 2006 (exercise prices of $2.55 and $12.50 for 35,000 and 90,000 Options, respectively) and (ii) 675,000 Options which vest upon the achievement of certain performance tests within two years after the date of the grant and which expire three years after such Options vest and become exercisable (175,000 of such Options have an exercise price of $5.00, 225,000 of such Options have an exercise prices of $7.50 and 275,000 of such Options have an exercise prices of $12.50).
- [F3]Granted under TARSAP in connection with the Employment Agreement dated as of July 7, 2003, between Mr. Banzhaf and SpatiaLight, Inc.
- [F4]Previously filed Form 4 reported incorrect transaction code by inadvertence.