Crown Financial Holdings, Inc. 5
5 · Crown Financial Holdings, Inc. · Filed Jun 15, 2005
Insider Transaction Report
Form 5
KENNEDY CHARLES B III
Interim President and CEO
Transactions
- Award
Non Qualified Stock Option
2004-09-07+100,000→ 235,000 totalExercise: $0.41From: 2005-09-07Exp: 2009-09-07→ Common Stock (100,000 underlying)
Holdings
- 235,000
Non Qualified Stock Option
Exercise: $1.83From: 2004-08-03Exp: 2009-03-24→ Common Stock (75,000 underlying)
Footnotes (5)
- [F1]Option Grant represents 100,000 shares granted on 9/7/2004 with an exercise price of $0.41and vesting pursuant to the following schedule: 50% on the first anniversary of the grant date; 50% on the second anniversary of the grant date.
- [F2]Option grant representing 100,000 shares granted on 9/7/2004 was canceled on 3/1/2005.
- [F3]Employee Stock Option Grant.
- [F4]Originally options to purchase 60,000 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 60,000 shares vested on 8/3/2004.
- [F5]Originally options to purchase 75,000 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 75,000 shares vested on 8/3/2004.