GIBBS WILLIAM H 4
4 · REMEC INC · Filed Sep 7, 2005
Insider Transaction Report
Form 4
REMEC INCREMC
GIBBS WILLIAM H
Director
Transactions
- Tax Payment
Common Stock
2005-09-02$6.00/sh−6,375$38,250→ 2,829 total - Exercise/Conversion
Stock Option (Right to Buy)
2005-09-02−9,000→ 0 totalExercise: $4.25Exp: 2011-12-19→ Common Stock (9,000 underlying) - Exercise/Conversion
Common Stock
2005-09-02$4.25/sh+9,000$38,250→ 9,204 total
Footnotes (1)
- [F1]Pursuant to the terms of the Issuer's 1996 Nonemployee Directors Stock Option Plan, any stock options outstanding as of the date of the sale of more than 30% of the assets of the Issuer become fully vested and exercisable. The sale of selected assets and liabilities of the Issuer's Wireless Systems Business to Powerwave Technologies, Inc. on September 2, 2005, involved more than 30% of the Issuer's assets. Accordingly, this stock option became fully vested and exercisable on September 2, 2005.