COSSEY DENNIS C 4
4 · THERMOENERGY CORP · Filed Mar 10, 2010
Insider Transaction Report
Form 4
COSSEY DENNIS C
DirectorChairman of the Board
Transactions
- Award
Stock Option
2010-03-09+1,000,000→ 1,000,000 totalExercise: $0.30Exp: 2020-03-08→ Common Stock (1,000,000 underlying)
Footnotes (1)
- [F1]The option vests and becomes exercisable with respect to 250,000 shares on January 1, 2011 and with respect to an additional 62,500 shares on the first day of each April, July, October and January thereafter, commencing on April 1, 2011 and continuing through January 1, 2014 (subject to the Reporting Person's continued service as an officer or director of the Issuer); provided, however, that in the event of the Reporting Person's Retirement (as such term is defined in his Executive Employment Agreement) or his death or permanent disability, the option shall immediately vest in its entirety and shall become fully exercisable.