CLARK KEVIN O 4
4 · MTI TECHNOLOGY CORP · Filed Sep 15, 2003
Insider Transaction Report
Form 4
CLARK KEVIN O
Senior VP, U.S. Sales
Transactions
- Award
Stock Option (Right to Buy)
2002-07-03+100,000→ 100,000 totalExercise: $0.55Exp: 2012-07-03→ Common Stock (100,000 underlying)
Footnotes (1)
- [F1]One-half (1/2) of the shares subject to the Option shall vest twelve (12) months after the Vesting Commencement Date, and one-fourth (1/4) of the remaining unvested shares subject to the Option shall vest at the end of every three (3) month period thereafter, such that the Option will be one hundred percent (100%) vested after twenty-four (24) months of Continuous Service from the Vesting Commencement Date.