HYTEK MICROSYSTEMS INC 4
4 · HYTEK MICROSYSTEMS INC · Filed Dec 21, 2004
Insider Transaction Report
Form 4
COLE JOHN F
DirectorPresident & CEO
Transactions
- Award
Employee stock option (Right to buy)
2004-12-17+49,412→ 49,412 totalExercise: $0.81Exp: 2014-12-17→ Common Stock (49,412 underlying)
Footnotes (2)
- [F1]Grant by the Company to Reporting Person of an option to purchase 49,412 shares under the Hytek Microsystems, Inc. 2004 Nonstatutory Stock Option Plan. The option vests and becomes exercisable at the rate of 1/4th of the shares on December 17, 2005 and as to 1/48th of the shares on each one month anniversary thereafter.
- [F2]The option to purchase 60,000 shares previously granted on March 12, 2004 was not approved by the shareholders and was cancelled for no value without ever becoming exercisable on June 4, 2004.