MUELLNER STEVEN L 4
4 · MEADE INSTRUMENTS CORP · Filed Feb 2, 2007
Insider Transaction Report
Form 4
MUELLNER STEVEN L
DirectorCEO and President
Transactions
- Award
Employee Stock Option (right to buy)
2006-05-08+200,000→ 200,000 totalExercise: $2.89Exp: 2016-05-07→ Common Stock (200,000 underlying)
Footnotes (2)
- [F1]The option was granted on May 8, 2006 and priced at the fair market value of the Company's Common Stock on that date. The option was granted subject to stockholder approval of the stand-alone option agreement under which the options were granted. The Company's stockholders approved the agreement on Janaury 31, 2007 at the Company's Annual Meeting of Stockholders.
- [F2]The Option shall become exercisable in 25% increments beginning on the first anniversary of the option date and on each subsequent anniversary until the options are exercisable in full.