PECO II INC 4
4 · PECO II INC · Filed Jan 4, 2008
Insider Transaction Report
Form 4
PECO II INC(PIII)
Heindel John Gerard
DirectorChairman, Pres, CEO, CFO,Treas
Transactions
- Award
Non-qualified Stock Option (right-to-buy)
2008-01-03−200,000→ 200,000 totalExercise: $0.75Exp: 2013-01-03→ Common shares without par value (200,000 underlying) - Award
Common Stock, without par value
2008-01-03+43,333→ 364,929 total
Footnotes (2)
- [F1]Restricted stock issued per agreement with Mr. Heindel that 50% of the base salary to be earned in the first quarter of 2008 calendar year be payable in restricted cash instead of cash. Restricted stock will vest in three equal installments on January 31, 2008, February 29, 2008 and March 31, 2008, respectively
- [F2]Options for 80,000 shares will become exercisable on 01/03/2009, options for 60,000 shares will become exercisable on 01/03/2010, and options for 60,000 shares will become exercisable on 01/03/2011.