Crown Financial Holdings, Inc. 5
5 · Crown Financial Holdings, Inc. · Filed Jun 15, 2005
Insider Transaction Report
Form 5
Shek Donald
Director
Transactions
- Award
Non Qualified Stock Option
2004-06-22+50,000→ 50,000 totalExercise: $0.99From: 2004-08-03Exp: 2008-06-22→ Common Stock (50,000 underlying)
Footnotes (2)
- [F1]Stock Option for Board Services.
- [F2]Original options to purchase 50,000 shares were exercisable pursuant to the following vesting schedule: 50% on first anniversary of the grant and 50% on the second anniversary of the grant. Due to change of control provisions under Company's 2003 Employee Stock Option and the subsequent transaction with Sky Capital, the 50,000 shares vested on 8/3/2004.