Nathan Richard 4
4 · INNOVATIVE CARD TECHNOLOGIES INC · Filed Feb 24, 2009
Insider Transaction Report
Form 4
Nathan Richard
DirectorChief Executive Officer/Presid
Transactions
- Award
Common Stock Purchase Option
2009-02-20+1,000,000→ 1,000,000 totalExercise: $0.10Exp: 2013-11-17→ Common Stock (1,000,000 underlying)
Footnotes (2)
- [F1]Closing price of Company's common stock on day Reporting Person began providing services.
- [F2]The Option vests quarterly (every 90 days) over two years for so long as Reporting Person remains employed by the Company. The vesting commencement date is November 17, 2008. In the event Reporting Person is terminated or resigns, the unvested portion of the option shall lapse 90 days after such termination or resignation date.