NATURAL HEALTH TRENDS CORP 4
4 · NATURAL HEALTH TRENDS CORP · Filed Jun 28, 2007
Insider Transaction Report
Form 4
Cavanaugh John Francis
President of MarketVision Comm
Transactions
- Disposition to Issuer
Stock Options
2007-06-26−253,580→ 0 totalExercise: $18.11From: 2004-03-31Exp: 2011-03-31→ Common Stock (253,580 underlying) - Disposition to Issuer
Stock Options
2007-06-26−7,500→ 0 totalExercise: $10.50From: 2006-11-25Exp: 2010-11-25→ Common Stock (7,500 underlying) - Award
Common Stock
2007-06-26+88,277→ 308,081 total
Footnotes (4)
- [F1]88,277 shares of restricted stock were granted to Mr. Cavanaugh under Natural Health Trends Corp.'s 2007 Equity Incentive Plan in exchange for the issuer's cancellation under an option exchange program of options to purchase 261,080 shares of common stock that had previously been granted to Mr. Cavanaugh under Natural Health Trends Corp.'s 2002 Stock Option Plan. These shares of restricted stock are subject to forfeiture until vested. Two-twelfths of these shares will vest on September 15, 2007. Thereafter, one-twelfth of these shares will vest on December 15, March 15, June 15, and September 15 of each year until fully vested.
- [F2]These options were exchanged for 84,527 of the 88,277 shares of restricted stock received by Mr. Cavanaugh in the option exchange program described in Footnote 1.
- [F3]One third of the granted stock options vested on November 25, 2006. An additional one third of the granted options would have vested annually on November 25, 2007 and 2008.
- [F4]These options were exchanged for 3,750 of the 88,277 shares of restricted stock received by Mr. Cavanaugh in the option exchange program described in Footnote 1.