SCHORMANN CHRISTIAN 4
4 · Splinex Technology Inc. · Filed Jan 26, 2005
Insider Transaction Report
Form 4
SCHORMANN CHRISTIAN
Vice President
Transactions
- Award
Common stock
2005-01-25+250,000→ 250,000 total - Award
Stock options
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.