NATURAL HEALTH TRENDS CORP 4
4 · NATURAL HEALTH TRENDS CORP · Filed Jun 28, 2007
Insider Transaction Report
Form 4
Wallace Gary C
General Counsel
Transactions
- Disposition to Issuer
Stock Options
2007-06-26−12,000→ 0 totalExercise: $9.39From: 2007-02-23Exp: 2011-02-23→ Common Stock (12,000 underlying) - Award
Common Stock
2007-06-26+6,000→ 30,306 total
Footnotes (2)
- [F1]6,000 shares of restricted stock were granted to Mr. Wallace 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 12,000 shares of common stock that had previously been granted to Mr. Wallace 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]One third of the granted stock options vested on February 23, 2007. An additional one third of the granted options would have vested annually on February 23 of 2008 and 2009.