Nathan Richard 4
4 · INNOVATIVE CARD TECHNOLOGIES INC · Filed Feb 2, 2010
Insider Transaction Report
Form 4
Nathan Richard
DirectorChief Executive Officer/Presid
Transactions
- Exercise/Conversion
Common Stock
2010-01-29$0.10/sh+150,000$15,000→ 150,000 total - Exercise/Conversion
Common Stock Purchase Option (right to buy)
2010-01-29−150,000→ 850,000 totalExercise: $0.10Exp: 2013-11-17→ Common Stock (150,000 underlying)
Footnotes (2)
- [F1]The Option vests quarterly (every 90 days) over two years for so long as Reporting Person remains employed by the Company. The vesting commencement date is November 17, 2008. In the event Reporting Person is terminated or resigns, the unvested portion of the option shall lapse 90 days after such termination or resignation date.
- [F2]N/A