Bzdick Robert B. 4
4 · DOCUMENT SECURITY SYSTEMS INC · Filed Nov 21, 2012
Insider Transaction Report
Form 4
Bzdick Robert B.
DirectorCOO
Transactions
- Other
Options
2012-11-19$4.26/sh−150,000$639,000→ 250,000 totalExercise: $4.26Exp: 2017-09-21→ Common Stock (150,000 underlying) - Award
Options
2012-11-19$3.00/sh+150,000$450,000→ 150,000 totalExercise: $3.00Exp: 2017-09-21→ Common Stock (150,000 underlying) - Award
Options
2012-11-19$3.00/sh+100,000$300,000→ 250,000 totalExercise: $3.00Exp: 2017-09-21→ Common Stock (100,000 underlying)
Holdings
- 515,437
Common Stock
Footnotes (4)
- [F1]Shares of DSS common stock currently owned by Robert Bzdick, as previously reported on Form 4.
- [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]The options will fully vest and become exercisable ratably over 12 calendar quarters commencing on the date of grant.
- [F4]A previous grant of 150,000 options having an exercise price of $4.26 per share was cancelled on 11/19/12, and replaced with new grant of 150,000 options with exercise price of $3.00.