RIGDON ROBERT WAYNE 4
4 · SYNTHESIS ENERGY SYSTEMS INC · Filed Feb 12, 2009
Insider Transaction Report
Form 4
RIGDON ROBERT WAYNE
SVP & COO
Transactions
- Disposition to Issuer
Employee Stock Option
2009-02-10$8.16/sh−350,000$2,856,000→ 0 totalExercise: $8.16Exp: 2018-03-18→ Common Stock (350,000 underlying) - Award
Employee Stock Option
2009-02-10$0.43/sh+131,250$56,438→ 43,750 totalExercise: $0.43Exp: 2018-03-18→ Common Stock (131,250 underlying) - Award
Employee Stock Option
2009-02-10$0.43/sh+75,000$32,250→ 43,750 totalExercise: $0.43Exp: 2019-02-10→ Common Stock (75,000 underlying)
Footnotes (5)
- [F1]On February 10, 2009, the issuer cancelled, pursuant to the issuer's option exchange program, an option granted to Mr. Rigdon on March 18, 2008. In exchange for the option, Mr. Rigdon received an option grant on the same terms as the cancelled option, but as to half the number of the shares, as described in Footnote 3.
- [F2]The cancelled option provided for vesting, as to 175,000 shares, in four equal annual installments on each of March 18, 2009, 2010, 2011 and 2012. In addition, the cancelled option provided for vesting, as to the other 175,000 shares, in four equal installments upon Mr. Rigdon's satisfaction of certain performance criteria set forth in his option agreement.
- [F3]87,500 shares of this grant vest in four equal annual installments on each of March 18, 2009, 2010, 2011 and 2012. In addition, 87,500 shares of this grant vest in four equal installments upon Mr. Rigdon's satisfaction of certain performance criteria set forth in his option agreement.
- [F4]On February 10, 2009, Mr. Rigdon was issued a new option grant to acquire 75,000 shares. This grant vests in four equal annual installments on each of February 10, 2010, 2011, 2012 and 2013.
- [F5]This reflects (i) 21,875 shares which vested upon satisfaction of one installment of the performance criteria and (ii) 21,875 shares which will vest on March 18, 2009, in each case pursuant to the option grant described in Footnote 3 above.