MTC TECHNOLOGIES INC 4
4 · MTC TECHNOLOGIES INC · Filed Aug 11, 2003
Insider Transaction Report
Form 4
SOLLEY MICHAEL W
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Employee Stock Option (Right to Buy)
2003-08-08−4,000→ 8,000 totalExercise: $17.45From: 2003-03-12Exp: 2013-03-12→ Common Stock (4,000 underlying) - Exercise/Conversion
Common Stock
2003-08-08$17.45/sh+4,000$69,800→ 240,255 total - Tax Payment
Common Stock
2003-08-08$23.12/sh−3,019$69,799→ 237,236 total
Footnotes (1)
- [F1]The option will be exercisable from time to time prior to the tenth anniversary of the Date of Grant (3/12/2003) to the extent of: (i) thirty three and one-third percent (33 1/3%) of the Optioned Shares on the Date of Grant and (ii) an additional thirty-three and one-third percent (33 1/3%) of the Optioned Shares on each of the first two anniversaries of the Date of Grant.