ZENI PHILLIP T 4
4 · CIRCUIT RESEARCH LABS INC · Filed Oct 22, 2003
Insider Transaction Report
Form 4
ZENI PHILLIP T
DirectorExecutive VP and COO
Transactions
- Award
Common Stock, $.10 par value
2003-10-15+200,000→ 357,392 total - Award
Employee Stock Option (right to buy)
2003-10-15+200,000→ 250,000 totalExercise: $0.45From: 2003-10-15→ Common Stock, $.10 par value (200,000 underlying)
Footnotes (3)
- [F1]On October 15, 2003, the Reporting Person received a grant of 200,000 shares of Common Stock and options to purchase an additional 200,000 shares at a price per share of $0.45.
- [F2]Includes 50,000 shares of common stock subject to exercisable options and previously reported on a Form 4 filed by the Reporting Person on February 11, 2002.
- [F3]Expiration date is December 19, 2004, or upon commencement of a currently contemplated offer by the Issuer to sell shares of Common Stock to accredited investors, whichever is later.