SOLOMON TECHNOLOGIES INC 4
4 · SOLOMON TECHNOLOGIES INC · Filed Jun 2, 2005
Insider Transaction Report
Form 4
DeVecchis Peter William Jr.
President
Transactions
- Exercise/Conversion
Common Stock, par value $0.001 per share
2005-05-31$0.60/sh+20,000$12,000→ 70,000 total
Footnotes (1)
- [F1]This number represents the fair market value per share of the common stock on the date of issuance. These shares were issued pursuant to the Reporting Person's employment agreement with the Issuer. Under his employment agreement, the Reporting Person was granted a restricted stock award of 100,000 shares of common stock.The shares are issued over five (5) years in equal annual vested installments of 20,000 shares beginning May 31, 2005.