SM&A 4
4 · SM&A · Filed Jun 20, 2008
Insider Transaction Report
Form 4
SM&AWINS
UNTRACHT ROBERT J
Director
Transactions
- Award
Nonqualified Stock Option (right to buy)
2008-06-18$4.70/sh+12,000$56,400→ 12,000 totalExercise: $4.70From: 2008-06-18Exp: 2018-06-18→ Common Stock (12,000 underlying)
Footnotes (2)
- [F1]Pursuant to the Company's director compensation plan, Mr. Untracht was entitled to receive a stock option grant of 12,000 on each Anniversary Date of his appointment to the Company's Board of Directors. Due to an unintentional administrative oversight, the stock option Anniversary Grant for the year 2007 was not granted on his Anniversary Date of April 12. Upon recommendation by the Compensation Committee and approval by the Board of Directors the indicated stock option grant was approved on June 18, 2008.
- [F2]This stock option grant represents Mr. Untracht's 2007 Anniversary Grant and shall vest and become exercisable as follows: (i) 3,000 on 6/18/2008; (ii) 3,000 on 4/12/2009; (iii) 3,000 on 4/12/2010; and (iv) 3,000 on 4/12/2011.