Ryan Larry 4
4 · SULPHCO INC · Filed Mar 17, 2009
Insider Transaction Report
Form 4
SULPHCO INCSUF
Ryan Larry
DirectorChief Executive Officer
Transactions
- Award
Employee Stock Option (Right to Buy)
2009-03-16+100,000→ 100,000 totalExercise: $0.87From: 2009-03-17Exp: 2019-03-17→ Common Stock (100,000 underlying)
Footnotes (1)
- [F1]The option grant is (i) conditioned upon stockholder approval of an amendment to the SulphCo, Inc. 2008 Omnibus Long-Term Incentive Plan (the "Plan") to increase the number of shares reserved for issuance under the Plan at the 2009 annual meeting of stockholders and (ii) subject to the terms, definitions and provisions of the Plan and the accompanying stock option agreement under which it was granted. If stockholder approval is not obtained, the option grant will be forfeited, and the board shall decide appropriate alternative compensation at that time.