STOJDA MICHAEL 4
4 · Splinex Technology Inc. · Filed Jan 18, 2005
Insider Transaction Report
Form 4
STOJDA MICHAEL
DirectorCEO and President
Transactions
- Award
Common stock
2005-01-18+400,000→ 400,000 total - Award
Stock options
2005-01-18+2,000,000→ 2,000,000 totalExercise: $0.20From: 2005-01-18Exp: 2015-01-18→ Common stock (2,000,000 underlying) - Award
Stock options
2005-01-18+1,500,000→ 1,500,000 totalExercise: $0.50From: 2005-01-18Exp: 2010-01-18→ Common stock (1,500,000 underlying)
Footnotes (4)
- [F1]Represents shares issued in connection with employment agreement that are subject to a lapsing right of forfeiture equal to 1/12th per month.
- [F2]On January 18, 2005, options to purchase 222,222 shares vested. Options to purchase an additional 55,555 shares will vest each month until all shares are vested.
- [F3]Granted pursuant to an Employment Agreement dated September 1, 2004 between the Issuer and Reporting Person.
- [F4]Options will vest after the first to occur of Splinex Technology Inc. achieving $50,000,000 of cumulative sales or September 1, 2010.