SCHORMANN CHRISTIAN 4
4 · Splinex Technology Inc. · Filed Jan 26, 2005
Insider Transaction Report
Form 4
SCHORMANN CHRISTIAN
Vice President
Transactions
- Award
Common stock
[F1][F2]2005-01-25+250,000→ 250,000 total - Award
Stock options
[F2][F3]2005-01-12+1,000,000→ 1,000,000 totalExercise: $0.20From: 2006-01-12Exp: 2015-01-12→ Common stock (1,000,000 underlying)
Footnotes (3)
- [F1]Reperesents shares issued in connection with employment agreement that are subject to a lapsing right of forfeiture with respect to 62,500 shares on January 12, 2006, and at a rate of 5,208 shares per month for each of the succeeding 36 months commencing February 12, 2006.
- [F2]Granted pursuant to an Employment Agreement dated January 12, 2005 between the Issuer and the Reporting Person.
- [F3]On January 12, 2006, options to purchase 250,000 shares will vest. Options to purchase 20,833 shares shall vest each month for 36 months commencing February 12, 2006.
Signature
Christian Schormann,
by Gerard Herlihy, Attorney-in-Fact|2005-01-26