D'COUTO GERARD C 4
4 · NEAH POWER SYSTEMS, INC. · Filed Jul 7, 2009
Insider Transaction Report
Form 4
D'COUTO GERARD C
DirectorPresident and CEO
Transactions
- Disposition to Issuer
Common Stock
2009-07-02$0.08/sh+5,000,000$420,000→ 5,000,000 total - Award
Stock Options
2009-07-02$0.08/sh+3,000,000$252,000→ 16,333,334 totalExercise: $0.08Exp: 2019-07-02→ Common Stock (3,000,000 underlying)
Footnotes (2)
- [F1]25% vest upon grant and 25% vest each four months following the date of grant.
- [F2]Dr. D'Couto owns 500,000 shares of Series A Convertible Preferred Stock. Each share of Series A Convertible Preferred Stock is convertible into 26.67 shares of common stock. The shares of Series A Convertible Preferred Stock are convertible at the discretion of the Board of Directors of Issuer.