KLOWAN TEODOR JR 4
4 · THERMOENERGY CORP · Filed Jan 28, 2010
Insider Transaction Report
Form 4
KLOWAN TEODOR JR
Exec. VP and CFO
Transactions
- Award
Stock Option
2010-01-27+1,579,701→ 1,579,701 totalExercise: $0.30Exp: 2019-11-01→ Common Stock (1,579,701 underlying)
Footnotes (1)
- [F1]The option becomes exercisable with respect to 394,929 shares on September 30, 2010, and thereafter with respect to an additional 98,731 shares on the last day of each subsequent calendar quarter through and including September 30, 2013 (assuming the Reporting Person remains an employee of the Issuer through such dates); provided, however, that if a "Change of Control" (as such term is defined in the Reporting Person's Executive Employment Agreement) occurs prior to September 30, 2010, the option will immediately vest with respect to 394,929 shares.