SEKHARAM KOTHA 5
5 · INNOVATIVE COMPANIES INC · Filed Sep 12, 2003
Insider Transaction Report
Form 5
SEKHARAM KOTHA
DirectorPresident
Transactions
- Award
Options
2002-04-01+1→ 109,000 totalExercise: $0.80Exp: 2009-09-30→ Common Stock (25,000 underlying) - Award
Options
2003-04-01+1→ 184,000 totalExercise: $0.80Exp: 2009-09-30→ Common Stock (25,000 underlying) - Award
Common Stock, $0.01 par value
2003-03-17+13,128→ 144,412 total - Award
Options
2002-06-20+1→ 159,000 totalExercise: $1.00Exp: 2009-09-30→ Common Stock (50,000 underlying) - Award
Options
2001-04-01+1→ 84,000 totalExercise: $1.00Exp: 2009-09-30→ Common Stock (30,000 underlying) - Award
Options
2000-12-01+1→ 54,000 totalExercise: $2.00Exp: 2009-09-30→ Common Stock (54,000 underlying)
Footnotes (4)
- [F1]The stock was acquired as a result of a 10% stock dividend declared by the Company's Board of Directors and given to all shareholders of record on March 1, 2003.
- [F2]Includes 8,693 shares of common stock owned by his wife, Madhavi Sekharam.
- [F3]The options vest over a three year period, with 1/3 vesting one year after issuance, 1/3 after two years, and the final 1/3 after three years. The options are exercisable upon vesting.
- [F4]The options were granted by the Board of Directors.