SUMMIT FINANCIAL SERVICES GROUP INC 4
4 · SUMMIT FINANCIAL SERVICES GROUP INC · Filed Aug 6, 2013
Insider Transaction Report
Form 4
Jacobs Steven C
DirectorChief Financial Officer
Transactions
- Other
Stock Option (right to buy)
2013-08-03−600,000→ 0 totalExercise: $0.45Exp: 2013-08-07→ Common Stock (600,000 underlying) - Award
Stock Option (right to buy)
2013-08-03+600,000→ 600,000 totalExercise: $0.85From: 2013-08-03Exp: 2020-08-03→ Common Stock (600,000 underlying) - Award
Stock Option (right to buy)
2013-08-03+533,333→ 533,333 totalExercise: $0.85Exp: 2020-08-03→ Common Stock (533,333 underlying)
Footnotes (2)
- [F1]The options were issued, in part, in consideration for the cancellation of a like number of options. The options issued will vest immediately, and are exercisable for a period of seven years. The issuance was exempt from Section 16(b) pursuant to Rule 16b-3. The cancelled options vested in different tranches commencing on February 3, 2004.
- [F2]The options issued will vest ratably each year over a four year period beginning August 3, 2014, and are exercisable for a period of seven years. The issuance was exempt from Section 16(b) pursuant to Rule 16b-3.