RIGDON ROBERT WAYNE 4
4 · SYNTHESIS ENERGY SYSTEMS INC · Filed Apr 2, 2009
Insider Transaction Report
Form 4
RIGDON ROBERT WAYNE
SVP & COO
Transactions
- Award
Stock Option
2009-03-31$0.66/sh+200,000$132,000→ 43,750 totalExercise: $0.66Exp: 2019-03-31→ Common Stock (200,000 underlying) - Award
Stock Option
2009-03-31$0.66/sh+87,500$57,750→ 43,750 totalExercise: $0.66Exp: 2019-03-31→ Common Stock (87,500 underlying)
Footnotes (3)
- [F1]On March 31, 2009, the Company terminated an option grant subject to performance criteria which had been previously granted to Mr. Rigdon and granted a new option with time based vesting for the same number of shares. Such option was vested as to 25% of the grant due to the prior achievement of certain of the performance criteria. The balance will vest in three equal, annual installments of 25% on each of March 31, 2010, 2011 and 2012.
- [F2]This reflects (i) 21,875 shares which are vested pursuant to the option grant described in Footnote 1 and (ii) 21,875 which have vested pursuant to other option grants of Mr. Rigdon.
- [F3]This grant vests in four equal annual installments on each of March 31, 2010, 2011, 2012 and 2013.