FOX ALLEN K 4
4 · XENONICS HOLDINGS, INC. · Filed Feb 20, 2013
Insider Transaction Report
Form 4
FOX ALLEN K
Director
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2013-02-18−20,000→ 0 totalExercise: $0.65From: 2010-07-01Exp: 2015-06-30→ Common Stock (20,000 underlying) - Award
Stock Option (right to buy)
2013-02-18+150,000→ 150,000 totalExercise: $0.18From: 2013-02-18Exp: 2018-02-17→ Common Stock (150,000 underlying)
Footnotes (2)
- [F1](1) The reporting person agreed to cancellation of an option granted to him on July 1, 2010 in exchange for a new option having a lower exercise price.
- [F2](2) The Option is performance based and vests in the event (i) the Company reports Income from Operations for the fiscal year ended September 30, 2013 before any non-cash charge for these replacement and new stock options. The new and replacement grants will be for five years at $0.18 per share and (ii) the optionee remains an officer or director by the Company on September 30, 2013.