Parker Sandra G 4

4 · Vystar Corp · Filed Mar 16, 2011

Form 4

Period: 2011-03-14

Executive VP, Sales/Marketing

Transactions

Disposition to Issuer
Option to Purchase Common Stock
2011-03-14−75,000→ 0 total
Exercise: $2.00Exp: 2020-04-12→ Common Stock, par value $0.0001 (75,000 underlying)
Award
Option to Purchase Common Stock
2011-03-14+75,000→ 75,000 total
Exercise: $0.68Exp: 2020-04-12→ Common Stock, par value $0.0001 (75,000 underlying)
Disposition to Issuer
Option to Purchase Common Stock
2011-03-14−200,000→ 0 total
Exercise: $1.00Exp: 2018-04-01→ Common Stock, par value $0.0001 (200,000 underlying)
Award
Option to Purchase Common Stock
2011-03-14+200,000→ 200,000 total
Exercise: $0.68Exp: 2018-04-01→ Common Stock, par value $0.0001 (200,000 underlying)

Footnotes (3)

[F1]The reported transactions involved an amendment of the exercise price of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option.
[F2]100,000 of the options were immediately exercisable on the grant date, 50,000 of the options vested on April 1, 2010, and the remaining 50,000 options vest on April 2011.
[F3]25,000 options vest on each January 1, 2011, January 1, 2012, and January 1, 2013 if specified EBITDA goals are met for the fourth quarter of 2010, fiscal year 2011, and/or fiscal year 2012, respectively.

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