YANIV ZVI 4
4 · NANO PROPRIETARY INC · Filed Jan 27, 2004
Insider Transaction Report
Form 4
YANIV ZVI
DirectorChief Operating Officer
Transactions
- Award
Stock Option (Right to Buy)
2004-01-23+200,000→ 1,080,000 totalExercise: $2.93Exp: 2014-01-23→ Common Stock (200,000 underlying) - Award
Stock Option (Right to Buy)
2004-01-23+500,000→ 1,580,000 totalExercise: $2.93Exp: 2014-01-23→ Common Stock (500,000 underlying)
Holdings
- 36,000
Common Stock
Footnotes (2)
- [F1]Vests upon completion of license or royalty agreement resulting in cumulative up-front payments totaling at least $3 million during calendar 2004.
- [F2]Vests if Company achieves profitability in each of 2004, 2005, 2006, and 2007, respectively, at the rate of 100,000 options for 2004 and 50000 options for each of 2005, 2006 and 2007.