4//SEC Filing
Magerman Alan 4
Accession 0001209191-10-045130
CIK 0001289550other
Filed
Sep 2, 8:00 PM ET
Accepted
Sep 3, 4:18 PM ET
Size
16.7 KB
Accession
0001209191-10-045130
Insider Transaction Report
Form 4
Magerman Alan
DirectorChairman
Transactions
- Award
Stock Option (right to buy)
2010-09-01+125,000→ 125,000 totalExercise: $0.65Exp: 2015-08-31→ Common Stock (125,000 underlying) - Award
Stock Option (right to buy)
2010-09-01+75,000→ 75,000 totalExercise: $0.65Exp: 2015-08-31→ Common Stock (75,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2009-03-24−200,000→ 0 totalExercise: $0.65Exp: 2014-03-23→ Common Stock (200,000 underlying) - Award
Stock Option (right to buy)
2010-09-01+200,000→ 200,000 totalExercise: $0.65Exp: 2015-08-31→ Common Stock (200,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2009-03-24−125,000→ 0 totalExercise: $0.73Exp: 2013-10-16→ Common Stock (125,000 underlying)
Footnotes (4)
- [F1]The reporting person agreed to cancellation of an option granted to him on October 17, 2008 and amended on March 24, 2009 in exchange for a new option having a lower exercise price.
- [F2]The two reported transactions involved an amendment of an outstanding option resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The "old" option vested 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 2010 fiscal year, and (iii) the optionee remains employed by the Corporation on September 30, 2010. The replacement option amends the option to become vested in the event that: (i) the Corporation's net income before taxes exceeds $500,000 for the Corporation's 2011 fiscal year, and (ii) the optionee remains employed by the Corporation on September 30, 2011
- [F3](3) The two reported transactions involved an amendment of an outstanding option resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The "old" option vested only in the event that (i) the gross revenues of the Corporation exceed $12 million for the Corporation's 2009 fiscal year; (ii) the Corporation realizes a net operating profit for the 2009 fiscal year; and (iii) optionee is employed by the Corporation as Chairman of the Board on September 30, 2009, unless the optionee leaves the Corporation for health reasons or is terminated without cause. The replacement option amends the option to become vested in the event that: (i) the Corporation's net income before taxes exceeds $250,000 for the Corporation's 2011 fiscal year, and (ii) the optionee remains employed by the Corporation on September 30, 2011.
- [F4](4) The option vests in the event that: (i) the Corporation's net income before taxes exceeds $1 million for the Corporation's 2011 fiscal year, and (ii) the optionee remains employed by the Corporation on September 30, 2011.
Documents
Issuer
XENONICS HOLDINGS, INC.
CIK 0001289550
Entity typeother
Related Parties
1- filerCIK 0001300927
Filing Metadata
- Form type
- 4
- Filed
- Sep 2, 8:00 PM ET
- Accepted
- Sep 3, 4:18 PM ET
- Size
- 16.7 KB