Levitan Ben 4
4 · STOCKERYALE INC · Filed May 29, 2009
Insider Transaction Report
Form 4
STOCKERYALE INCSTKR
Levitan Ben
Director
Transactions
- Award
Stock Option (right to buy)
2009-05-27+79,710→ 79,710 totalExercise: $0.08From: 2010-05-27Exp: 2019-05-27→ Common Stock (79,710 underlying)
Footnotes (2)
- [F1]Option granted on May 27, 2009 in lieu of the annual option automatically granted pursuant to the StockerYale, Inc. Amended and Restated Policy Regarding Compensation of Independent Directors. The number of shares the reporting person may purchase under the option equals the number of shares subject to the annual option granted to the reporting person in 2008 pursuant to the StockerYale, Inc. Amended and Restated Policy Regarding Compensation of Independent Directors.
- [F2]Option vests and becomes exercisable as to 25% of the shares subject to the option on each of the first, second, third and fourth anniversaries of the date of grant. Upon StockerYale, Inc. achieving positive cash flow from operations for two consecutive fiscal years, the option immediately vests and becomes exercisable as to 100% of the shares subject to the option.