MCGRATH KEVIN N 4
4 · DIGITAL ANGEL CORP · Filed Jan 15, 2004
Insider Transaction Report
Form 4
MCGRATH KEVIN N
DirectorPresident and CEO
Transactions
- Award
Stock Option-Right to Buy
2004-01-13$3.92/sh+1,000,000$3,920,000→ 1,000,000 totalExercise: $3.92From: 2005-01-13Exp: 2014-01-12→ Shares of Common Stock (1,000,000 underlying) - Award
Stock Option-Right to Buy
2003-12-18$2.08/sh+250,000$520,000→ 250,000 totalExercise: $2.08From: 2004-01-12Exp: 2003-12-17→ Shares of common stock (250,000 underlying)
Footnotes (2)
- [F1]The option was granted by the Board of Directors on January 13, 2004. Up to 1/3 of the option shares may be purchased at anytime after the first anniversary of the grant date, up to 2/3 of the option shares (less any options shares previously purchased) may be purchased at any time after the second anniversary of the grant date and up to 100% of the option shares (less any option shares previously purchased) may be purchased at any time after the third anniversary of the grant date and prior to the termination of the option.
- [F2]The option was granted by the Board of Directors on December 18, 2003. The option grant was originally reported on a Form 4 dated December 22, 2003. On January 12, 2004, the board revised the vesting terms to provide for 100,000 of the option shares to vest immediately and 150,000 of the option shares to vest on 12/17/2004.