CALHOUN GEORGE M 4
4 · ISCO INTERNATIONAL INC · Filed Jun 30, 2006
Insider Transaction Report
Form 4
CALHOUN GEORGE M
Director
Transactions
- Award
Common Stock
2006-06-16+37,500→ 120,250 total
Footnotes (2)
- [F1]Restricted shares awarded to Mr. Calhoun which will vest in four equal installments of 9,375 shares on each of September 15, 2006, December 15, 2006, March 15, 2007 and June 15, 2007.
- [F2]Mr. Calhoun did not pay for the shares in question; they were awarded to him pursuant to the Issuer's non-employee director compensation policy. 25,000 shares were awarded for his service as a Board member and 12,500 were awarded for his service as Chairman of the Audit Committee. The closing price of the subject shares on June 16, 2006 was $0.32 per share.