ACT TELECONFERENCING INC 4
4 · ACT TELECONFERENCING INC · Filed May 26, 2004
Insider Transaction Report
Form 4
TRAYNOR MACK V III
Director
Transactions
- Award
Employee stock option (right to buy)
2004-05-20$2.40/sh+200,000$480,000→ 200,000 totalExercise: $2.40From: 2004-12-10Exp: 2014-05-20→ Common Stock (200,000 underlying)
Footnotes (2)
- [F1]Granted pursuant to the Company's 2004 Equity Incentive Plan.
- [F2]The option is divided into Class I and Class II options of 100,000 shares each. Class I options vest in five equal installments on December 10, 2004 through December 10, 2008. Class II options vest in five equal installments from December 10, 2009 through December 10, 2013 and is fully accelerated if the stock trades above $10.00 for ten consecutive days.