Gaspar Daniel 4
4 · Cyalume Technologies Holdings, Inc. · Filed Mar 24, 2009
Insider Transaction Report
Form 4
Gaspar Daniel
Director
Transactions
- Purchase
Common Stock
2009-03-09+57,366→ 4,326,721 total(indirect: By LLC) - Award
Stock Option (right to buy)
2009-03-03+7,500→ 7,500 totalExercise: $4.80From: 2009-03-03Exp: 2019-03-03→ Common Stock (7,500 underlying)
Footnotes (4)
- [F1]The shares were issued to Cova Small Cap Holdinsgs LLC as adjustments to working capital pursuant to a stock purchase agreement with the issuer, dated February 14, 2008, as amended. Mr. Gaspar disclaims beneficial ownership over any securities of the issuer held by Cova Small Cap Holdings LLC.
- [F2]Cova Small Cap Holdings LLC is an affiliate of CNPE Management LLC, in which Mr. Gaspar serves as a Vice President and participates in a profit sharing plan. Mr. Gaspar disclaims beneficial ownership over any securities of the issuer held by Cova Small Cap Holdings LLC.
- [F3]The common stock purchase options were issued in consideration for Mr. Gaspar's services to be rendered as a member of the Board of Directors.
- [F4]Although the Stock Option is held of record by Mr. Gaspar, pursuant to a privately negotiated agreement with Cova Small Cap Holdings LLC, Mr. Gaspar has agreed to transfer ownership of all common stock underlying the Stock Option to Cova Small Cap Holdings LLC upon exercise of the Stock Option. Mr. Gaspar disclaims beneficial ownership over any securities of the issuer held by Cova Small Cap Holdings LLC.