4//SEC Filing
SCHWARZ KEN 4
Accession 0001144204-12-053293
CIK 0001320760other
Filed
Sep 26, 8:00 PM ET
Accepted
Sep 27, 5:07 PM ET
Size
6.2 KB
Accession
0001144204-12-053293
Insider Transaction Report
Form 4
SCHWARZ KEN
Chief Financial Officer
Transactions
- Award
Employee Stock Option (Right to Buy)
2012-09-27+350,000→ 350,000 totalExp: 2022-09-27→ Common Stock (350,000 underlying)
Footnotes (2)
- [F1]Exercise price is equal to the average of the high and low bid prices for the Company's common stock reported daily on the OTCQB marketplace during the 20 trading days following September 27, 2012.
- [F2]The option becomes exercisable installments as follows: (1) 100,000 shares become exercisable in three equal annual installments on the first, second, and third anniversaries of the grant date, (2) 100,000 shares become exercisable when the fair market value of the Company's common stock is at least $1.00 for 20 consecutive business days, (3) 100,000 shares become exercisable when the fair market value of the Company's common stock is at least $1.50 for 20 consecutive business days, and (4) 50,000 shares become exercisable when the fair market value of the Company's common stock is at least $2.00 for 20 consecutive business days.
Documents
Issuer
Fortress International Group, Inc.
CIK 0001320760
Entity typeother
Related Parties
1- filerCIK 0001279417
Filing Metadata
- Form type
- 4
- Filed
- Sep 26, 8:00 PM ET
- Accepted
- Sep 27, 5:07 PM ET
- Size
- 6.2 KB