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4//SEC Filing

Kennedy Jeffrey P 4

Accession 0001209191-09-018491

CIK 0001289550other
View on SEC.govCompany Profile

Filed

Mar 25, 8:00 PM ET

Accepted

Mar 26, 5:53 PM ET

Size

15.4 KB

Accession

0001209191-09-018491

Insider Transaction Report

Form 4
Period: 2009-03-24
Xenonics Holdings, Inc.XNN
Kennedy Jeffrey P
DirectorPresident/COO
Transactions
  • Award

    Stock Option (right to buy)

    2009-03-24$0.73/sh+125,000$91,250→ 125,000 total
    Exercise: $0.73From: 2009-03-24Exp: 2013-10-16→ Common Stock (125,000 underlying)
  • Award

    Stock Option (right to buy)

    2009-03-24$0.65/sh+200,000$130,000→ 200,000 total
    Exercise: $0.65From: 2009-03-24Exp: 2014-03-23→ Common Stock (200,000 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2009-03-24$3.80/sh−125,000$475,000→ 0 total
    Exercise: $3.80From: 2005-04-15Exp: 2010-04-14→ Common Stock (125,000 underlying)
  • Award

    Stock Option (right to buy)

    2009-03-24$0.65/sh+125,000$81,250→ 125,000 total
    Exercise: $0.65From: 2009-03-24Exp: 2014-03-23→ Common Stock (125,000 underlying)
  • Disposition to Issuer

    StockOption (right to buy)

    2009-03-24$0.73/sh−125,000$91,250→ 0 total
    Exercise: $0.73From: 2008-10-17Exp: 2013-10-16→ Common Stock (125,000 underlying)
Footnotes (3)
  • [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 cancelation of an option granted to him on April 15, 2005, in exchange for a new option having a lower exercise price.
  • [F3]The company must have gross revenue of at least 12 million for FY2009 and must be profitable.

Documents

1 file

Issuer

Xenonics Holdings, Inc.

CIK 0001289550

→
Entity typeother

Related Parties

1
  • filerCIK 0001300928

Filing Metadata

Form type
4
Filed
Mar 25, 8:00 PM ET
Accepted
Mar 26, 5:53 PM ET
Size
15.4 KB
View on SEC.gov