Davis Stewart B 4
4 · CELLULAR TECHNICAL SERVICES CO INC · Filed Sep 14, 2007
Insider Transaction Report
Form 4
Transactions
- Award
Stock Options
2007-09-11+88,667→ 88,667 totalExercise: $2.60From: 2007-09-11→ Common Stock (88,667 underlying)
Footnotes (3)
- [F1]25% of such options were immediately exercisable with another 25% becoming exercisable on September 11th of each of 2008, 2009 and 2010; provided, however, that all options shall become immediately exercisable in the event of a change of control of the Issuer.
- [F2]Such options are not subject to a date of termination.
- [F3]Granted to the Reporting Person pursuant to that certain employment letter agreement, dated May 16, 2007, by and between the Reporting Person and SafeStitch LLC, which has since been acquired by the Issuer, and in consideration of the Reporting Person's continued service as the Issuer's Chief Operating Officer and Secretary.