Kelly Kevin 4
4 · SYNTHESIS ENERGY SYSTEMS INC · Filed Feb 12, 2009
Insider Transaction Report
Form 4
Kelly Kevin
Controller & CAO
Transactions
- Disposition to Issuer
Employee Stock Option
2009-02-10$2.32/sh−75,000$174,000→ 2,500 totalExercise: $2.32Exp: 2018-10-16→ Common Stock (75,000 underlying) - Award
Employee Stock Option
2009-02-10$0.43/sh+37,500$16,125→ 2,500 totalExercise: $0.43Exp: 2018-10-16→ Common Stock (37,500 underlying)
Footnotes (4)
- [F1]On February 10, 2009, the issuer cancelled, pursuant to the issuer's option exchange program, an option granted to Mr. Kelly. In exchange for the options, Mr. Kelly 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 75,000 shares, in four equal annual installments on each of October 16, 2009, 2010, 2011 and 2012.
- [F3]This grant vests in four equal annual installments on each of October 16, 2009, 2010, 2011 and 2012.
- [F4]This reflects 2,500 shares of common stock owned beneficially by Mr. Kelly. As of the date hereof, none of the options granted have vested.