SKARR TOBY 4
4 · KITTY HAWK INC · Filed May 26, 2004
Insider Transaction Report
Form 4
KITTY HAWK INCKTHK
SKARR TOBY
VP and General Manager
Transactions
- Exercise/Conversion
Common Stock
2004-05-24$0.30/sh+10,000$3,000→ 10,000 total - Sale
Common Stock
2004-05-24$1.50/sh−10,000$15,000→ 0 total - Exercise/Conversion
Stock Option (right to buy)
2004-05-24−10,000→ 197,000 totalExercise: $0.30Exp: 2013-07-13→ Common Stock (10,000 underlying)
Footnotes (2)
- [F1]Of the remaining 197,000 shares of common stock issuable upon the exercise of the stock option, 15,750 shares were vested on May 24, 2004 and 181,250 shares will vest in 29 equal monthly installments beginning June 1, 2004.
- [F2]Not applicable.