4/A//SEC Filing
SAMAAN ANDREW WATSON 4/A
Accession 0001144204-11-012346
CIK 0001303433other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 4:37 PM ET
Size
7.1 KB
Accession
0001144204-11-012346
Insider Transaction Report
Form 4/AAmended
Optionable IncOPBL.OB
SAMAAN ANDREW WATSON
Director
Transactions
- Award
Stock Option
2009-02-06+250,000→ 270,000 totalExercise: $0.03→ Common Stock (250,000 underlying)
Footnotes (3)
- [F1]All of the options reported in this amended Form 4 already have vested as of March 1, 2011--- the date of this amendment.
- [F2]Andrew Samaan was granted the above 250,000 options on February 6, 2009. On March 1, 2011, the Company amended these options' termination terms to the following: The options shall terminate (even if vested) upon the earliest to occur of (i) the effective date of Andrew Samaan's resignation if he resigns without Good Cause, (ii) the effective date of his termination of services to the Company if such services were terminated for Cause, (iii) the second anniversary of the effective date of his resignation for Good Reason, (iv) the second anniversary of the effective date of the termination of his services without Cause, (v) the second anniversary of the termination of his services as a director after the Board fails without Cause to nominate him for re-election to the Board, (vi) the year anniversary of the termination of his services due to disability, and
- [F3](vii) the the first anniversary of his death if such death occurred while he was still employed with or serving the Company. "Cause" means being convicted or pleading guilty or nolo contendre for illegal conduct (other than any misdemeanor, traffic violation or similar misconduct), or a willful act that constitutes gross misconduct and that is materially injurious to the Company. "Good Reason" means a material reduction in Mr. Samaan's job responsibilities or position in the Company, or the reolcation of the Company's office or Mr. Samaan's principal duties with the Company outside of New York City.
Documents
Issuer
Optionable Inc
CIK 0001303433
Entity typeother
Related Parties
1- filerCIK 0001454897
Filing Metadata
- Form type
- 4/A
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 4:37 PM ET
- Size
- 7.1 KB