Nathan Richard 4
4 · INNOVATIVE CARD TECHNOLOGIES INC · Filed Jun 3, 2010
Insider Transaction Report
Form 4
Nathan Richard
DirectorChief Executive Officer/Presid
Transactions
- Exercise/Conversion
Common Stock Purchase Option (right to buy)
2010-06-02−150,000→ 700,000 totalExercise: $0.10Exp: 2013-11-17→ Common Stock (150,000 underlying) - Exercise/Conversion
Common Stock
2010-06-02$0.10/sh+150,000$15,000→ 300,000 total
Footnotes (1)
- [F1]The Option vests quarterly (every 90 days) over two years for so long as Reporting Person remains employed by the Company. The Option was originally granted on November 17, 2009 and entitled the reporting person to purchase 1,000,000 common shares. As of the date of this report, the Reporting person has vested in an aggregate of 750,000 options of which 300,000 have been exercised, including the exercise of options reported herein. 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.