TONKIN LEO S 4
4 · STAR SCIENTIFIC INC · Filed Feb 27, 2009
Insider Transaction Report
Form 4
TONKIN LEO S
Director
Transactions
- Exercise/Conversion
Common Stock
2009-02-25$2.00/sh+50,000$100,000→ 50,000 total - Tax Payment
Common Stock
2009-02-25$2.76/sh−36,232$100,000→ 13,768 total - Exercise/Conversion
Employee Stock Option (right to buy)
2009-02-25−50,000→ 425,000 totalExercise: $2.00From: 1999-04-12Exp: 2009-03-01→ Common Stock (50,000 underlying)
Footnotes (2)
- [F1]Reflects 36,232 shares withheld by the Issuer at the market price of $2.76 per share less an exercise price of $2.00 per share to fund the cashless exercise of 50,000 options.
- [F2]Stock options under the Issuer's 1998 Stock Option Plan. The option shares are fully vested.