POSITIVEID Corp 4
4 · POSITIVEID Corp · Filed Jan 8, 2016
Insider Transaction Report
Form 4
POSITIVEID CorpPSID
PROBST LYLE L
President
Transactions
- Award
Stock Options(Right to Buy)
2016-01-07+15,000,000→ 15,025,000 totalExercise: $0.02→ Common Stock (15,000,000 underlying)
Footnotes (3)
- [F1]On January 7, 2016, PositiveID Corporation granted to Mr. Probst 15,000,000 options to purchase Company common stock with an exercise price of $0.204 which vest; (i) 5,100,000 on January 1, 2017; (ii) 4,950,000 on January 1, 2018; (iii) 4,950,000 on January 1, 2019, as long-term equity compensation.
- [F2]These options expire on January 7, 2021.
- [F3]As of January 8, 2016, Mr. Probst owns a total of 15,025,000 stock options, including 25,000 fully vested options, which constitute part of his beneficial ownership in the Company.