MEADE INSTRUMENTS CORP 4
4 · MEADE INSTRUMENTS CORP · Filed Jul 8, 2005
Insider Transaction Report
Form 4
FOTHERINGHAM VERNON L
Director
Transactions
- Award
Employee Stock Option (right to buy)
2005-07-07+5,000→ 5,000 totalExercise: $2.63Exp: 2015-07-06→ Common Stock (5,000 underlying)
Footnotes (2)
- [F1]Under certain circumstances the Corporation shall have the ability to unilaterally substitue Stock Appreciation Rights ("SARs") paid only in stock with identical terms and conditions as the option substituted and where the aggregate difference between the fair market value of the underlying shares and the grant price of the SARs is equivalent to the aggregate difference between the fair market value of the underlying shares and the exercise price of the options.
- [F2]Three year vesting schedule: Options become exercisable in substantially equal installments on July 7, 2006, 2007 and 2008.