CARSON JOHN C/ 4
4 · IRVINE SENSORS CORP/DE/ · Filed Mar 11, 2011
Insider Transaction Report
Form 4
IRVINE SENSORS CORP/DE/IRSN.OB
CARSON JOHN C/
DirectorPresident and CEO
Transactions
- Award
OPTIONS TO PURCHASE COMMON STOCK
2011-03-10+5,000,000→ 5,000,000 totalExercise: $0.15From: 2012-07-10Exp: 2021-03-09→ COMMON STOCK (5,000,000 underlying)
Footnotes (1)
- [F1]Options granted pursuant to the Irvine Sensors Corporation 2011 Omnibus Incentive Plan. 1,000,000 shares will vest on the earlier of (the "Initial Vesting Date"): (a) July 10, 2012 or (b) the satisfaction or waiver of the compensation restrictions set forth in Section 5(j) of the Secured Promissory Note dated April 14, 2010 by and between the Company and Timothy Looney, with the balance vesting in 24 equal monthly installments after the Initial Vesting Date.