EFFREN GARY R 4
4 · Akeena Solar, Inc. · Filed Oct 3, 2007
Insider Transaction Report
Form 4
EFFREN GARY R
Chief Financial Officer
Transactions
- Award
Common Stock, $.001 par value
2007-09-21+350,000→ 350,000 total
Footnotes (1)
- [F1]Consists of 350,000 shares of nonqualified stock options ("Options") granted to Mr. Effren on September 21, 2007. Each option will have a five year term, and will be subject to vesting based on the Mr. Effren's continuing service with the Company, with one-third (1/3) of the shares vesting on each of the first three anniversaries of the grant date. Each option will otherwise be subject to the terms and conditions of a standard form of stock option agreement as approved by the Compensation Committee of the Company.