Ryde Magnus 4
4 · DAYSTAR TECHNOLOGIES INC · Filed Feb 19, 2010
Insider Transaction Report
Form 4
Ryde Magnus
DirectorChief Executive Officer
Transactions
- Award
Stock Option - right to buy
2010-02-15+5,000,000→ 5,000,000 totalExercise: $0.40From: 2010-02-15Exp: 2020-02-14→ Common Stock (5,000,000 underlying)
Footnotes (1)
- [F1]This option represents an inducement grant for Mr. Ryde, and vests according to the following schedule: 1) 1,500,000 immediately upon grant; 2) 2,000,000 upon the completion of a $20MM capital raise; and 3) 1,500,000 on December 31, 2010.