ELLIOTT ANN 4

4 · TUCOWS INC /PA/ · Filed Aug 8, 2003

Form 4

Period: 2003-08-06

VP Human Resources, Tucows

Transactions

Award
Stock Option (right to buy)
2003-08-06+54,000→ 54,000 total
Exercise: $0.37From: 1988-08-08Exp: 2013-08-06→ Common Stock (54,000 underlying)
Award
Stock Option (right to buy)
2003-08-06+64,373→ 64,373 total
Exercise: $0.37From: 1988-08-08Exp: 2013-08-06→ Common Stock (64,373 underlying)
Award
Stock Option (right to buy)
2003-08-06+42,915→ 42,915 total
Exercise: $0.37From: 1988-08-08Exp: 2013-08-06→ Common Stock (42,915 underlying)

Footnotes (5)

[F1]40,340 of the options granted were vested as of August 7, 2003 and the remainder vested or will vest on a monthly basis up to and including October 31, 2003.
[F2]41,842 of the options granted were vested as of August 7, 2003 and the remainder vested or will vest on a monthly basis up to and including January 1, 2005.
[F3]25% of the options granted will vest on August 5, 2004 and the remainder will vest on a monthly basis for the three years thereafter.
[F4]On February 5, 2003, the issuer cancelled, pursuant to the issuer's option exchange program, an option granted to the reporting person on January 2, 2001 for 64,373 shares at $0.91 per share. In exchange, the reporting person received the options reported herein.
[F5]On February 5, 2003, the issuer cancelled, pursuant to the issuer's option exchange program, an option granted to the reporting person on November 1, 1999 for 42,915 shares at $0.91 per share. In exchange, the reporting person received the options reported herein.

Documents

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