Rodriguez Jose Javier 4
4 · ELANDIA INTERNATIONAL INC. · Filed Jul 2, 2009
Insider Transaction Report
Form 4
ELANDIA INTERNATIONAL INC.ELAN.OB
Rodriguez Jose Javier
Vice President
Transactions
- Other
OPTION TO PURCHASE COMMON STOCK
2009-03-10$0.45/sh+500,000$225,000→ 500,000 totalExercise: $0.45From: 2009-03-10Exp: 2018-03-10→ Common Stock (500,000 underlying)
Holdings
- 0
COMMON STOCK
Footnotes (2)
- [F1]The options vest over a period of four years, 25% (125,000 shares) on the first anniversary of the date of grant (March 10, 2009) , and then 1/48th of the original grant (10,416 shares) at the end of each one-month period thereafter, so as to become 100% vested on March 10, 2012, provided reporting owner is continuously employed by the Company.
- [F2]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.