SCHWARZ KEN 4
4 · Fortress International Group, Inc. · Filed Sep 27, 2012
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.