4//SEC Filing
HITCHCOCK WILLIAM M 4
Accession 0001144204-10-035474
CIK 0000812301other
Filed
Jun 27, 8:00 PM ET
Accepted
Jun 28, 9:21 PM ET
Size
8.6 KB
Accession
0001144204-10-035474
Insider Transaction Report
Form 4
HITCHCOCK WILLIAM M
Director
Transactions
- Award
Stock option (right to buy)
2010-06-24+200,000→ 200,000 totalExercise: $1.40Exp: 2012-06-30→ Common Stock (200,000 underlying) - Disposition to Issuer
Stock option (right to buy)
2010-06-24−200,000→ 0 totalExercise: $1.40Exp: 2020-01-26→ Common Stock (200,000 underlying)
Footnotes (1)
- [F1]The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The "old" option, which was originally granted on January 26, 2010, provided for vesting over 48 months at a rate of 1/48th of the grant per month such that 100% of the options would be fully vested and exercisable on January 26, 2014, and pursuant to which vested options would have expired three months following Mr. Hitchcock's resignation as a Director. As amended, 50,000 options are fully vested as of Mr. Hitchcock's resignation on June 24, 2010, and the expiration date has been extended to June 30, 2012.
Documents
Issuer
Patient Safety Technologies, Inc
CIK 0000812301
Entity typeother
Related Parties
1- filerCIK 0001186149
Filing Metadata
- Form type
- 4
- Filed
- Jun 27, 8:00 PM ET
- Accepted
- Jun 28, 9:21 PM ET
- Size
- 8.6 KB