MEJIAS TULIO 4
4 · RSTAR CORP · Filed Jan 22, 2004
Insider Transaction Report
Form 4
RSTAR CORPRSTRC
MEJIAS TULIO
Director
Transactions
- Award
Options
2002-08-02+50,000→ 50,000 totalExercise: $0.26From: 2003-08-02Exp: 2012-04-30→ Common Stock (50,000 underlying)
Footnotes (3)
- [F1]On January 16, 2003, rStar Corporation's Board of Directos approved a grant to Mr. Mejias of an option (the "Option") to purchase 200,000 of its shares of common stock, par value $0.01 per share (the "Common Stock"), along with similiar grants to those directos that are considered independent directors/non-employees. The Option vests in equal amounts on each anniversary of the grant date (deemed to be august 2, 2002, the date Mr. Mejias was nominated to the Board of Directors) over a four year period. In accordance with the company's 1998 Stock Plan, as amended, the Option has an exercise price equal to the fair market value of the Common Stock on the grant date.
- [F2]Options to purchase 50000 shares of Common Stock (or, 25% of the total grant) vest on each anniversary of the grant date until the fourth anniversary of the grant date (August 2, 2006).
- [F3]Not applicable