NUMEREX CORP /PA/ 4
4 · NUMEREX CORP /PA/ · Filed Nov 5, 2015
Insider Transaction Report
Form 4
NICOLAINES STRATTON J
DirectorCEO, Chairman of the Board
Transactions
- Exercise/Conversion
Stock Option
2015-11-04−25,000→ 0 totalExercise: $4.75From: 2007-01-03Exp: 2016-01-03→ Common Stock (25,000 underlying) - Exercise/Conversion
Common Stock
2015-11-04$4.75/sh+25,000$118,750→ 160,136 total
Footnotes (2)
- [F1]The option included market exercise conditions in which the option could not be exercised unless the closing price of the Numerex Corp. common stock exceeded a minimum value ranging from $5.70 to $7.24.
- [F2]Options vest at the cumulative rate of 25% per year, commencing one year from the date of grant.