LAWRENCE MICHAEL E 4
4 · JAMESON INNS INC · Filed Jan 6, 2004
Insider Transaction Report
Form 4
JAMESON INNS INCJAMS
LAWRENCE MICHAEL E
Director
Transactions
- Award
Option to purchase
2004-01-06+5,000→ 60,000 totalExercise: $2.41From: 2004-01-06Exp: 2014-01-06→ Common stock (5,000 underlying)
Footnotes (1)
- [F1]Grant to reporting person of option to purchase 5,000 shares of common stock exempt under Rule 16b-3. The option is fully vested and is exercisable on July 6, 2004, the date the six month holding period required under the Jameson Inns, Inc. 1997 Director Stock Option Plan expires. Option expires (i) three months after reporting person resigns as a director, (ii) one year from date of disability of reporting person or (iii) 15 months after date of death of reporting person