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4//SEC Filing

Magerman Alan 4

Accession 0001209191-09-018493

CIK 0001289550other
View on SEC.govCompany Profile

Filed

Mar 25, 8:00 PM ET

Accepted

Mar 26, 6:23 PM ET

Size

15.6 KB

Accession

0001209191-09-018493

Insider Transaction Report

Form 4
Period: 2009-03-24
Xenonics Holdings, Inc.XNN
Magerman Alan
DirectorChairman
Transactions
  • Disposition to Issuer

    Stock Option (right to buy)

    2009-03-24$3.80/sh−200,000$760,000→ 0 total
    Exercise: $3.80From: 2005-04-15Exp: 2010-04-14→ Common Stock (200,000 underlying)
  • Disposition to Issuer

    Stock Option (right to buy)

    2008-10-17$0.73/sh−125,000$91,250→ 125,000 total
    Exercise: $0.73From: 2008-10-17Exp: 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)
  • 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)
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 cancellation of an option granted to him on April 15, 2005, in exchange for a new option having a lower exercise price.
  • [F3]Must be CEO on the first anniversary date of the option unless he leaves for health purposes and 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 0001300927

Filing Metadata

Form type
4
Filed
Mar 25, 8:00 PM ET
Accepted
Mar 26, 6:23 PM ET
Size
15.6 KB
View on SEC.gov