HEER KARL 4
4 · SPECTRUM SCIENCES & SOFTWARE HOLDINGS INC · Filed Jan 14, 2005
Insider Transaction Report
Form 4
HEER KARL
Director
Transactions
- Award
Stock Option (right to buy)
2005-01-12+300,000→ 450,000 totalExercise: $1.65Exp: 2008-01-12→ Common Stock (300,000 underlying)
Footnotes (2)
- [F1]On January 12, 2005, Spectrum Sciences & Software Holdings Corp. (the "Company") granted Karl Heer options to purchase 300,000 shares of the Company's common stock. Such options vested immediately upon issuance and become exercisable as of the date on which the Company has consummated, since January 12, 2005, the acquisition of businesses with annual revenues in the aggregate of at least $20 million.
- [F2]Price omitted because transaction is an option grant.