Hauksson Orri 4
4 · SULPHCO INC · Filed Jun 23, 2009
Insider Transaction Report
Form 4
SULPHCO INCSUF
Hauksson Orri
Director
Transactions
- Award
Stock Option (Right to Buy)
2009-06-22+81,325→ 81,325 totalExercise: $0.83From: 2009-06-22Exp: 2019-06-22→ Common Stock (81,325 underlying)
Footnotes (1)
- [F1]This option was granted by the Board of Directors of SulphCo, Inc. to the Reporting Person as compensation, in lieu of the annual cash compensation paid to each non-employee director for serving on the Board of Directors. The number of option shares was calculated by dividing $67,500 (the pro-rata portion of the $100,000 annual non-employee director compensation) by the closing price on the grant date. The option is subject to the terms, definitions and provisions of the SulphCo, Inc. 2008 Omnibus Long-Term Incentive Plan, and the accompanying stock option agreement under which it is granted.