LUSTIG HERBERT M 4
4 · INVISA INC · Filed May 28, 2004
Insider Transaction Report
Form 4
INVISA INCINSA
LUSTIG HERBERT M
DirectorCEO and President
Transactions
- Award
OPTION
2004-05-26+700,000→ 700,000 totalExercise: $2.00From: 2004-08-01Exp: 2014-08-01→ COMMON STOCK (700,000 underlying) - Other
OPTION
2003-11-06+1,400,000→ 1,400,000 totalExercise: $3.41From: 2004-06-30Exp: 2013-11-06→ COMMON STOCK (1,400,000 underlying)
Footnotes (2)
- [F1]Options will vest in equal quarterly installments of 58,333 over the next three years commencing on 8/1/2004
- [F2]233,340 shares vest on June 30, 2004 and the remaining 1,166,660 options vest in equal quarterly installments of 116,666 shares commencing on September 30, 2004