BERNARD MICHAEL P 4
4 · INTEGRATED BUSINESS SYSTEMS & SERVICES INC · Filed Apr 26, 2004
Insider Transaction Report
Form 4
Transactions
- Award
Common Stock Options
2004-04-16+500,000→ 500,000 totalExercise: $0.26From: 2004-10-15Exp: 2009-04-16→ Common Stock (500,000 underlying)
Footnotes (3)
- [F1]The common stock options disclosed on this Table II are employee incentive stock options that give the reporting person a right to buy shares of common stock of the issuer at the exercise price above.
- [F2]The 500,000 common stock options granted to the reporting person are employee incentive stock options that become exercisable in certain installments beginning on October 15, 2004 in accordance with the following schedule: (i) 75,000 options on October 15, 2004; (ii) 100,000 options on April 15, 2005; (iii) 75,000 options on October 15, 2005; (iv) 100,000 options on April 15, 2006; and (v) 150,000 options on October 15, 2006.
- [F3]The derivative security being reported is an employee incentive stock option that has an exercise price but does not have a purchase price.