CONNER JOE W 4
4 · SILVERLEAF RESORTS INC · Filed Aug 6, 2003
Insider Transaction Report
Form 4
CONNER JOE W
Chief Operating Officer
Transactions
- Other
Incentive Stock Option
2003-08-01−368,269→ 368,269 totalExercise: $0.32From: 2004-06-13Exp: 2013-06-13→ Common Stock, .01 par value (368,269 underlying) - Other
Incentive Stock Option
2003-08-04$0.32/sh+368,269$116,005→ 368,269 totalExercise: $0.32From: 2004-08-04Exp: 2013-08-04→ Common Stock, .01 par value (368,269 underlying)
Footnotes (2)
- [F1]Options conditionally granted on June 13, 2003 terminated on July 30, 2003 because the shareholders of the Company had not approved the 2002 Stock Option Plan under which the options were granted. Options were granted on August 4, 2003 to replace the options terminated. The options granted on August 4, 2003 have the same exercise and vesting period as the options granted on June 13, 2003.
- [F2]Options will vest and be exercisable to the extent of 1/3 of the options granted on each of the following dates: August 4, 2004, August 4, 2005 and August 4, 2006.