Pini Ralph 4
4 · ISCO INTERNATIONAL INC · Filed Jun 30, 2006
Insider Transaction Report
Form 4
Pini Ralph
Director
Transactions
- Award
Common Stock
2006-06-16+45,000→ 76,500 total
Footnotes (2)
- [F1]Restricted shares awarded to Mr. Pini which will vest in four equal installments of 11,250 shares on each of September 15, 2006, December 15, 2006, March 15, 2007 and June 15, 2007.
- [F2]Mr. Pini 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; 12,500 were awarded for his service as Chairman of the Corporate Governance Committee; and 7,500 shares were awarded for his service on the Compensation Committee. The closing price of the subject shares on June 16, 2006 was $0.32 per share.