MEDINA ANGEL JR 4
4 · ELANDIA INTERNATIONAL INC. · Filed Feb 10, 2011
Insider Transaction Report
Form 4
ELANDIA INTERNATIONAL INC.ELAN.OB
MEDINA ANGEL JR
Director
Transactions
- Award
Option to Purchase Common Stock
2011-02-09$0.45/sh+15,000$6,750→ 15,000 totalExercise: $0.45From: 2011-05-09Exp: 2021-02-09→ Common Stock (15,000 underlying)
Holdings
- 0
COMMON STOCK
- 30,000
OPTION TO PURCHASE COMMON STOCK
Exercise: $0.45From: 2010-05-04Exp: 2020-02-04→ COMMON STOCK (30,000 underlying)
Footnotes (2)
- [F1]The Options vest equally on a quarterly basis over a period of two years commencing May 4, 2010, or 1/8th of the original grant (3,750 shares) on each quarter thereafter.
- [F2]These Options were granted pursuant to a Non-Qualified Stock Option Agreement under the Issuer's Executive Incentive Plan; one eighth (1,875) of the underlying shares will vest equally on a quarterly basis over a two-year period beginning May 9, 2011, 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.