ROY LEO PIERRE 4
4 · MFIC CORP · Filed Jun 9, 2005
Insider Transaction Report
Form 4
MFIC CORPMFIC.OB
ROY LEO PIERRE
Director
Transactions
- Tax Payment
Common Stock
2005-06-08$1.00/sh+11,111$11,111→ 12,111 total - Exercise/Conversion
Common Stock Options
2005-06-08$1.00/sh−25,000$25,000→ 37,500 totalExercise: $1.00Exp: 2005-06-26→ Common Stock (25,000 underlying)
Footnotes (2)
- [F1]Common Stock Options exercised through a net exercise election. The closing price of the Common Stock on the exercise date of 6/8/05 was $1.80 and was used for the purpose of calculating the net number of shares to be issued upon exercise of the Common Stock Options.
- [F2]Grant of option to purchase, vests 25% each year