IRISH JAMES M 4
4 · AMERICAN TECHNOLOGY CORP /DE/ · Filed Sep 24, 2003
Insider Transaction Report
Form 4
IRISH JAMES M
DirectorCEO
Transactions
- Sale
Employee stock option right to buy
2003-09-19$103000.00/sh−25,000$2,575,000,000→ 0 totalExercise: $3.30From: 2003-05-09Exp: 2008-05-09→ common stock (25,000 underlying) - Sale
Employee Stock Option right to buy
2003-09-19$99750.00/sh−25,000$2,493,750,000→ 0 totalExercise: $3.43From: 2003-05-10Exp: 2008-02-10→ common stock (25,000 underlying)
Footnotes (3)
- [F1]Effective 9/19/03, the reporting person resigned as CEO of the REgistrant, and resigned as a director on 9/22/03. In connection with the reporting person's resignation the Registrant agree to purchase the REgistrant's vested options as separation compensation. The reporting person's unvested options automatically expired unexercised
- [F2]The option intially vested as to 25,000 shares on 5/10/03, and would have vested in equal annual installments of 25,000 shares thereafter. The option had an original expiration date of 2/10/08, but due to the reporting person's resignation, would have expired on 12/19/03.
- [F3]The option initally vested as to 12,500 shares on 5/9/03, 12,500 shares on 6/30/03 and would have vested in qtrly installments of 12,500 shares thereafter. The option had an original expiration date of 5/9/08, but due to the reporting person's resignation, would have expired on 12/19/03.