OURPETS CO 4
4 · OURPETS CO · Filed Jan 7, 2014
Insider Transaction Report
Form 4
OURPETS COOPCO
Mendes Scott R
Controller and CFO
Transactions
- Tax Payment
Common
2004-01-03$0.91/sh−12,198$11,100→ 37,802 total - Exercise/Conversion
Option
2014-01-03−100,000→ 0 totalExercise: $0.22From: 2011-02-18Exp: 2014-02-18→ Common (100,000 underlying) - Exercise/Conversion
Common
2014-01-03$0.22/sh+50,000$11,100→ 50,000 total
Holdings
- 50,000
Option
Exercise: $0.44From: 2014-05-25Exp: 2017-05-25→ Common (50,000 underlying) - 0
Option
Exercise: $0.79From: 2013-05-27Exp: 2016-05-27→ Common (25,000 underlying)
Footnotes (3)
- [F1]Options vest 1/3 on each of the 2nd, 3rd and 4th anniversaries of grant date.
- [F2]25,000 options expired on March 31, 2010 by virtue of the Company not achieving net operating income of at least 7.5% of net sales for the year ended 12-31-2009 and 25,000 options expired on March 31, 2011 by virtue of the Company not achieving net operating income as a % of net sales of at least 9.0% for the year ended 12-31-2010.
- [F3]These 25,000 options expired on March 31, 2012 by virtue of the Company not achieving net operating income as a % of net sales of at least 9.0% for year ended 12-31-2011.