4/A//SEC Filing
MOT JACQUES 4/A
Accession 0001144204-09-000676
CIK 0001368044other
Filed
Jan 6, 7:00 PM ET
Accepted
Jan 7, 1:48 PM ET
Size
8.1 KB
Accession
0001144204-09-000676
Insider Transaction Report
Form 4/AAmended
MOT JACQUES
DirectorPresident and CEO10% Owner
Transactions
- Award
Options
2008-04-18+9,600,000→ 9,600,000 totalExercise: $0.30Exp: 2013-04-18→ Common Stock (9,600,000 underlying)
Footnotes (6)
- [F1]This line is being amended (i) by reducing the number of Options reported as owned because one-third of the Options under the original grant have expired without vesting and (ii) by amending its footnotes to reflect an amendment to the vesting terms of the remaining Options.
- [F2]The Options were granted to the Reporting Person by the Issuer under its 2006 Long-Term Incentive Plan on April 18, 2008 and approved by its stockholders at its Annual Meeting held on July 1, 2008. On January 2, 2009, the vesting terms of the Options were amended by the Compensation Committee of the Board of Directors pursuant to the authority granted it in the Stock Option Agreement granting such Options.
- [F3]As so amended, and assuming that the Reporting Person continues in the employ of the Issuer, the Options are exercisable as follows: 2,400,000 of the Options vest on each of the following dates ("Milestone Attainment Dates") upon attainment of each of the following respective milestones ("Milestones"): (i) on December 31, 2009 if at least one fully operational factory has been established by the Issuer anywhere in the world and (ii) on December 31, 2010 if at least four fully operational factories, including the one contemplated by the preceding clause (i), have been established by the Issuer anywhere in the world.
- [F4]Further to the preceding footnote, (a) the Milestone in clause (ii) above may be adjusted by the Compensation Committee of the Issuer at its discretion by January 15, 2010 and (b) on such date as the market capitalization of the Issuer exceeds $300 million and provided that such date occurs on or prior to 4/18/2011, then double the number of Options that have already vested and those yet subject to vesting on each Milestone Attainment Date that has not yet occurred will become exercisable by the Reporting Person.
- [F5]N/A.
- [F6]In addition to the 9,600,000 Options described under the footnotes above, the Reporting Person also owns 3,000,000 Options exercisable for Common Stock at $0.10 per share, of which 2,000,000 have vested and an additional 1,000,000 vest on July 10, 2009.
Documents
Issuer
Plastinum Polymer Technologies Corp.
CIK 0001368044
Entity typeother
Related Parties
1- filerCIK 0001088561
Filing Metadata
- Form type
- 4/A
- Filed
- Jan 6, 7:00 PM ET
- Accepted
- Jan 7, 1:48 PM ET
- Size
- 8.1 KB