CYBER DEFENSE SYSTEMS INC 3
3 · CYBER DEFENSE SYSTEMS INC · Filed Oct 4, 2005
Insider Transaction Report
Form 3
Lively Harvey Frank
DirectorVP of Techsphere, Sec of Cyber
Holdings
- 3,602,885
Class A Common Stock
Options
Exercise: $0.20From: 2005-09-19Exp: 2006-09-19→ Common Stock (325,000 underlying)- 38,322
Class B Common Stock
- 50,000
Class A Common Stock
Footnotes (3)
- [F1]Shares will vest 50% on September 19, 2006 and the balance will vest on September 19, 2007
- [F2]The options will have a ten-year term and will be subject to a two year vesting schedule providing for the vesting of 25% every six months beginning six months from September 19, 2005, unless otherwise provided in the otionee's option agreement.
- [F3]500,000 options were granted for membership to the Board of Directors in 2005.