JONES PHILIP A 4
4 · DOCUMENT SECURITY SYSTEMS INC · Filed Nov 21, 2012
Insider Transaction Report
Form 4
Transactions
- Award
Options
2012-11-19$3.00/sh+100,000$300,000→ 270,000 totalExercise: $3.00Exp: 2017-09-21→ Common Stock (100,000 underlying) - Other
Options
2012-11-19$4.26/sh−25,000$106,500→ 270,000 totalExercise: $4.26Exp: 2017-09-21→ Common Stock (25,000 underlying)
Footnotes (3)
- [F1]The options will vest and become exercisable ratable over 12 calendar quarters commencing on the date of grant.
- [F2]The options will fully vest and become exercisable only upon the closing of that certain merger transaction involving Document Security Systems, Inc., DSSIP, Inc. and Lexington Technology Group, Inc.
- [F3]A previous grant of 25,000 options having an exercise price of $4.26 per share was cancelled on 11/19/12, and replaced with new grant of 100,000 options with exercise price of $3.00 per share.