Elbaz Amir 4
4 · SMART ONLINE INC · Filed Mar 30, 2010
Insider Transaction Report
Form 4
SMART ONLINE INCSOLN
Elbaz Amir
Director
Transactions
- Award
Stock Option (Right to Buy)
2010-03-26+20,000→ 20,000 totalExercise: $1.14Exp: 2020-03-26→ Common Stock (20,000 underlying)
Footnotes (2)
- [F1]The reporting person was granted a nonqualified stock option to purchase 20,000 shares of common stock of Smart Online, Inc. (the "Nonqualified Option") pursuant to Smart Online, Inc.'s 2004 Equity Compensation Plan.
- [F2]Exercise of the Nonqualified Option is subject to vesting in quarter-annual increments, with 25% of the Nonqualified Option becoming exercisable on each of June 30, 2010, September 30, 2010, December 31, 2010 and March 31, 2011.