Fernandez Charles J 4
4 · ELANDIA INTERNATIONAL INC. · Filed Jul 2, 2009
Insider Transaction Report
Form 4
ELANDIA INTERNATIONAL INC.ELAN.OB
Fernandez Charles J
Director
Transactions
- Award
Option to Purchase Common Stock
2009-06-04$0.45/sh+15,000$6,750→ 15,000 totalExercise: $0.45From: 2009-09-04Exp: 2019-06-04→ Common Stock (15,000 underlying) - Other
Option to Purchase Common Stock
2008-05-28$0.45/sh+60,000$27,000→ 60,000 totalExercise: $0.45From: 2008-08-28Exp: 2018-05-28→ Common Stock
Holdings
- 9,382
COMMON STOCK
Footnotes (4)
- [F1]3,382 shares of common stock granted as compensation for Mr. Fernandez's service as an independent director on the Company's Board of Directors in fiscal 2008.
- [F2]These Options were granted pursuant to a Non-Qualified Stock Option Agreement under the Issuer's 2008 Executive Incentive Plan; one eighth (7,500) of the underlying shares will vest equally on a quarterly basis over a two year-period beginning August 28, 2008, provided the reporting person remains continuously as a member of the Board of Directors of the Issuer from the date of grant until each respective vesting date.
- [F3]These Options were granted pursuant to a Non-Qualified Stock Option Agreement under the Issuer's 2008 Executive Incentive Plan; one eighth (1,875) of the underlying shares will vest equally on a quarterly basis over a two year-period beginning September 4, 2009, provided the reporting person remains continuously as a member of the Board of Directors of the Issuer from the date of grant until each respective vesting date.
- [F4]On June 4, 2009, amendments to the Issuer's 2008 Executvie Inventive Plan and 2007 Stock Option and Incentive Plan were approved to premit the repricing of the stock options granted thereunder. Eligible stock options held by the reporting person have been repriced such that the exercise price of each option is the mean average of the high and low trading price of the Issuer's common stock on the OTC Bulletin Board on June 4, 2009, or $.45 per share.