Thode John 4
4 · ISCO INTERNATIONAL INC · Filed Jan 24, 2005
Insider Transaction Report
Form 4
Thode John
President and CEO
Transactions
- Award
Stock Option (right to buy)
2005-01-11+1,550,000→ 1,550,000 totalExercise: $0.43Exp: 2015-01-11→ Common Stock (1,550,000 underlying)
Footnotes (2)
- [F1]The option will vest with respect to 62,500 shares on the last day of each of the calendar months ending after the date of the grant. The option will vest with respect to 400,000 of the remaining 800,000 shares if the Issuer achieves certain quarterly and annual revenue objectives and 400,000 of the remaining 800,000 shares will vest if the Issuer achieves certain quarterly and annual cash flow objectives during the 2005 fiscal year and Mr. Thode remains employed by the Issuer through the applicable vesting date.
- [F2]This an option grant for which there was no purchase price.