Arista Power, Inc. 4
4 · Arista Power, Inc. · Filed Aug 2, 2013
Insider Transaction Report
Form 4
Arista Power, Inc.OTCBB:ASPW
SCHMITZ WILLIAM A
DirectorCEO
Transactions
- Award
Option
2013-07-31$0.75/sh+75,000$56,250→ 75,000 totalExercise: $0.75Exp: 2019-11-12→ Common Stock (75,000 underlying) - Award
Option
2013-07-31$0.38/sh+200,000$76,000→ 200,000 totalExercise: $0.38Exp: 2023-07-31→ Common Stock (200,000 underlying) - Disposition to Issuer
Option
2013-07-31$1.67/sh−75,000$125,250→ 0 totalExercise: $1.67Exp: 2019-11-12→ Common Stock (75,000 underlying)
Holdings
- 323,832
Common Stock
- 625,000(indirect: By IRA)
Common Stock
Footnotes (3)
- [F1](The reported transactions involved an amendment to outstanding options resulting in the deemed cancellation of the "old" options and the grant of "replacement" options.
- [F2]The option became exercisable in installments of 12,500, 12,500 and 50,000 shares on November 12, 2010, November 12, 2011 and November 12, 2012.
- [F3]The Option will become exercisable in the following installments: (a) 66,666 shares in equal installments on July 31, 2014, July 31, 2015 and July 31, 2016; (b) 66,667 shares upon the Company reporting aggregate revenue in four consecutive quarters of $10 million or more; and (c) 66,667 shares upon the Company reporting positive cash flow from operations in two consecutive quarters.