KAY RICHARD S 4

4 · Xenonics Holdings, Inc. · Filed Mar 25, 2009

Form 4

Period: 2009-03-24

CFO

Transactions

Disposition to Issuer
Stock Options (right to buy)
2009-03-24−40,000→ 0 total
Exercise: $2.58From: 2009-03-24Exp: 2012-05-31→ Common Stock (40,000 underlying)
Award
Stock Options (right to buy)
2009-03-24+75,000→ 75,000 total
Exercise: $0.73Exp: 2013-10-16→ Common Stock (75,000 underlying)
Disposition to Issuer
Stock Options (right to buy)
2009-03-24−75,000→ 0 total
Exercise: $0.73Exp: 2013-10-16→ Common Stock (75,000 underlying)
Award
Stock Options (right to buy)
2009-03-24+40,000→ 40,000 total
Exercise: $0.65From: 2009-03-24Exp: 2014-03-23→ Common Stock (40,000 underlying)
Award
Stock Options (right to buy)
2009-03-24$0.65/sh+25,000$16,250→ 25,000 total
Exercise: $0.65From: 2009-03-24Exp: 2014-03-23→ Common Stock (25,000 underlying)

Footnotes (2)

[F1]The two reported transactions involve an amendment of an outstanding option resulting in the deemed cancellation of the "old" option and the grant of a replacement option (extending the vesting period from 9/30/2009 to 9/30/2010). The option was originally granted on 10/17/2008. The new option shall vest for the Option Shares only in the event that: (i) the gross revenues of the Corporation exceed $20 million for the Corporation's 2010 fiscal year; (ii) the Corporation realizes a net operating profit of $500,000 for the 2009 fiscal year; and (iii) Optionee remains employed by the Corporation on September 30, 2010.
[F2]The reporting person agreed to cancellation of an option granted to him on June 1, 2007, in exchange for a new option having a lower exercise price.

Documents

1 file