4//SEC Filing
STEWART MICHAEL R 4
Accession 0001181431-09-035071
CIK 0000711665other
Filed
Jul 12, 8:00 PM ET
Accepted
Jul 13, 5:34 PM ET
Size
8.0 KB
Accession
0001181431-09-035071
Insider Transaction Report
Form 4
PHOTOMEDEX INCPHMD
STEWART MICHAEL R
Chief Operating Officer
Transactions
- Award
Common Stock (Restricted) $0.01 par
2009-06-15$0.01/sh+10,500$105→ 43,206 total - Award
Common Stock Options
2009-06-15+31,500→ 84,443 totalExercise: $1.04Exp: 2019-06-15→ Common Stock (31,500 underlying)
Footnotes (2)
- [F1]The shares have been granted pursuant to the Company's 2005 Equity Compensation Plan. The Company's right to repurchase will lapse with respect to all shares on 12/31/2010 if the Company achieves, in fiscal year ended 12/31/2010, a positive Adjusted Net Income, as defined in the 2009 Restricted Stock Agreement. Section 2(b)(2)defines Adjusted Net Income to be audited Net Income after Income Taxes, excluding the post tax effect of income or expense from stock options or warrants. The right of repurchase may lapse sooner if certain conditions defined in the Reporting Person's Employment Agreement dated 9/1/2007 are met.
- [F2]The Options were granted out of the 2005 Equity Compensation Plan. Options shall vest over 5 years at 20 percent on each Anniversary Date of grant of such Option or upon a change in control or termination of employment without Cause or for Good Reason, or NonRenewal, as the terms are defined in the Reporting Person's Employment Agreement dated 9/1/2007.
Issuer
PHOTOMEDEX INC
CIK 0000711665
Entity typeother
Related Parties
1- filerCIK 0001269370
Filing Metadata
- Form type
- 4
- Filed
- Jul 12, 8:00 PM ET
- Accepted
- Jul 13, 5:34 PM ET
- Size
- 8.0 KB