4//SEC Filing
LANG Michael W 4
Accession 0001209191-09-042294
CIK 0000870753other
Filed
Aug 26, 8:00 PM ET
Accepted
Aug 27, 4:26 PM ET
Size
6.5 KB
Accession
0001209191-09-042294
Insider Transaction Report
Form 4
Transactions
- Award
Stock Option (Right to Buy)
2009-07-30+50,000→ 50,000 totalExercise: $5.50From: 2013-07-30Exp: 2019-07-30→ Common Stock (50,000 underlying)
Footnotes (1)
- [F1](1) The option vests equally 25% per year over four years from the grant date. The vested portion of the option becomes exercisable, if at all, if the closing price of our Class A common stock on the Nasdaq Stock Market exceeds certain price thresholds: (i) after July 30, 2010, 25% of the option award is exercisable if the closing price of our stock is $6.60 or greater; (ii) after July 30, 2011, 25% of the option award is exercisable if the closing price of our stock is $7.26 or greater; (iii) after July 30, 2012, 25% of the option award is exercisable if the closing price of our stock is $7.99 or greater; and (iv) after July 30, 2013, 25% of the option award is exercisable if the closing price of our stock is $8.38 or greater. If the price targets are achieved, the vested portion of the grant is exercisable at any time prior to the expiration of the option term.
Documents
Issuer
NUMEREX CORP /PA/
CIK 0000870753
Entity typeother
Related Parties
1- filerCIK 0001425899
Filing Metadata
- Form type
- 4
- Filed
- Aug 26, 8:00 PM ET
- Accepted
- Aug 27, 4:26 PM ET
- Size
- 6.5 KB