Desmet Yves 4
4 · VERSO TECHNOLOGIES INC · Filed Oct 17, 2005
Insider Transaction Report
Form 4
Desmet Yves
Senior VP
Transactions
- Award
Stock Option (Right to Buy)
2005-10-14+40,000→ 40,000 totalExercise: $1.45Exp: 2015-10-14→ Common Stock (40,000 underlying)
Footnotes (2)
- [F1]Option is exercisable in equal installments over a four-year period; provided, however, the option may vest with respect to 25% of the underlying shares each quarter begining with the 4th quarter of 2005 if certain criteria is met.
- [F2]Option issued pursuant to the Issuer's 1999 Stock Incentive Plan, as amended.