Aldrich Robert C. 4
4 · AMERICAN DEFENSE SYSTEMS INC · Filed Apr 8, 2010
Insider Transaction Report
Form 4
Aldrich Robert C.
Chief Security Officer
Transactions
- Award
Non-Qualified Stock Option (Right to buy)
2010-04-06+100,000→ 100,000 totalExercise: $0.40Exp: 2017-01-25→ Common Stock (100,000 underlying)
Holdings
- 10,000
Non-Qualified Stock Option (Right to buy)
Exercise: $2.00Exp: 2014-12-14→ Common Stock (10,000 underlying) - 7,500
Non-Qualified Stock Option (Right to buy)
Exercise: $2.00Exp: 2015-02-20→ Common Stock (7,500 underlying)
Footnotes (3)
- [F1]On April 6, 2010, the Reporting Person was granted an option to purchase 100,000 shares of common stock of the Issuer effective as of January 25, 2010 (the "Effective Date"), pursuant to a January 25, 2010 amendment to the Reporting Person's employment agreement with the Company. 40% of the option vested as of the Effective Date, and 20% of the option vests annually thereafter with the first 20% vesting upon the first anniversary of the Effective Date.
- [F2]Option was granted on December 14, 2007, 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 on February 20, 2008, and vests at the rate of 20% per year with the first 20% vesting upon the first anniversary of the grant date.