CURFISS LARRY G 4
4 · Xenonics Holdings, Inc. · Filed Mar 26, 2009
Insider Transaction Report
Form 4
CURFISS LARRY G
Other
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2009-03-24$0.73/sh−125,000$91,250→ 0 totalExercise: $0.73Exp: 2014-01-21→ Common Stock (125,000 underlying) - Award
Stock Option (right to buy)
2009-03-24$0.73/sh+50,000$36,500→ 50,000 totalExercise: $0.65From: 2009-03-24Exp: 2014-03-23→ Common Stock (50,000 underlying) - Award
Stock Option (right to buy)
2009-03-24$0.73/sh+125,000$91,250→ 125,000 totalExercise: $0.73Exp: 2014-01-21→ Common Stock (125,000 underlying)
Footnotes (1)
- [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. 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.