COVALENT GROUP INC 4
4 · COVALENT GROUP INC · Filed Jul 6, 2005
Insider Transaction Report
Form 4
BOROW KENNETH M MD
DirectorPresident, CEO
Transactions
- Award
Employee Stock Option (right to buy)
2005-07-01+500,000→ 500,000 totalExercise: $2.25Exp: 2010-07-01→ Common Stock (500,000 underlying)
Footnotes (2)
- [F1]The filing of this statement shall not be construed as an admission (a) that the person filing this statement is, for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the beneficial owner of any equity securities covered by this statement, or (b) that this statement is legally required to be filed by such person.
- [F2]The option vests in three installments beginning on July 1, 2006 according to the schedule specified in the option agreement.