ROY LEO PIERRE 4
4 · MFIC CORP · Filed Dec 15, 2005
Insider Transaction Report
Form 4
MFIC CORPMFIC.OB
ROY LEO PIERRE
Director
Transactions
- Award
Stock Option (Right to Buy)
2005-01-02+7,500→ 7,500 totalExercise: $3.70Exp: 2010-01-02→ Common Stock (7,500 underlying)
Footnotes (2)
- [F1]Option to purchase common stock granted 1/2/2005; 25% exercisable six months and one day after date of grant; 25% exercisable on each of the first three anniversaries of the date of grant. In reviewing previous filings, it was discovered that the vesting schedule of certain previous option grants were reported incorrectly. Each option to purchase common stock presently held by the filer vests on the following schedule: 25% exercisable six months and one day after date of grant; 25% exercisable on each of the first three anniversaries of the date of grant.
- [F2]Certain previous filings incorrectly included in this column all derivative securities held by the filer.