Torykian Richard P. Sr. 4
4 · AMERICAN DEFENSE SYSTEMS INC · Filed Feb 24, 2010
Insider Transaction Report
Form 4
Torykian Richard P. Sr.
Director
Transactions
- Award
Common Stock
2010-01-01+25,000→ 350,000 total - Award
Non-Qualified Stock Option (Right to buy)
2009-07-31+175,000→ 175,000 totalExercise: $0.60Exp: 2016-07-31→ Common Stock (175,000 underlying)
Holdings
- 175,000
Non-Qualified Stock Option (Right to buy)
Exercise: $1.03Exp: 2015-07-31→ Common Stock (175,000 underlying)
Footnotes (3)
- [F1]The shares were issued as part of his director compensation for 2009 and were issued under the issuer's 2007 Incentive Compensation Plan.
- [F2]Option was granted under the issuer's 2007 Incentive Compensation Plan as of July 31, 2009 pursuant to the reporting person's consulting agreement with the issuer, and vests at the rate of 20% per year with the first 20% vesting upon the first anniversary of the grant date.
- [F3]Option was granted under the issuer's 2007 Incentive Compensation Plan as of July 31, 2008 pursuant to the reporting person's consulting agreement with the issuer, and vests at the rate of 20% per year with the first 20% vesting upon the first anniversary of the grant date.