Fienberg Louis 4
4 · NUMEREX CORP /PA/ · Filed Jan 25, 2010
Insider Transaction Report
Form 4
Transactions
- Award
Common Stock (Right to Buy)
2009-11-24+17,500→ 17,500 totalExercise: $4.35From: 2013-11-24Exp: 2019-11-24→ Common Stock (17,500 underlying)
Footnotes (1)
- [F1]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 pice thresholds; (i) after November 24, 2010, 25% of the option award is exercisable if the closing price of our stock is $5.22 or greater, (ii) after November 24, 2011, 25% of the option award is exercisable if the closing price of our stock is $5.74 or greater, (iii) after November 24, 2012, 25 of the option award is exercisable if the closing price of our stock is $6.32 or greater, and (iv) after November 24, 2013, 25% of the option award is exercisable if the closing price of our stock is $6.64 or greater. If the price targets are achieved, the vested postion of the grant is exercisable at any time prior to the expiration of the option term.