Fenger Michael J. 4
4 · ISCO INTERNATIONAL INC · Filed Jun 30, 2006
Insider Transaction Report
Form 4
Fenger Michael J.
Director
Transactions
- Award
Common Stock
2006-06-16+40,000→ 82,000 total
Footnotes (2)
- [F1]Restricted shares awarded to Mr. Fenger which will vest in four equal installments of 10,000 shares on each of September 15, 2006, December 15, 2006, March 15, 2007 and June 15, 2007.
- [F2]Mr. Fenger 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; 7,500 shares were awarded for his service on the Audit Committee; and 7,500 shares were awarded for his service on the Corporate Governance Committee. The closing price of the subject shares on June 16, 2006 was $0.32 per share.