GIFFORD THOMAS S 4
4 · INTEGRATED ENVIRONMENTAL TECHNOLOGIES, LTD. · Filed Dec 30, 2011
Insider Transaction Report
Form 4
GIFFORD THOMAS S
Executive VP, CFO & Secretary
Transactions
- Award
Warrant (Right to Buy)
2011-05-23+3,100,000→ 3,100,000 totalExercise: $0.09Exp: 2021-05-23→ Common Stock, $.001 par value (3,100,000 underlying) - Other
Warrant (Right to Buy)
2011-12-27+909,091→ 909,091 totalExercise: $0.07Exp: 2021-04-20→ Common Stock, $.001 par value (909,091 underlying)
Footnotes (3)
- [F1]1,550,000 shares of common stock vested on the date of issuance of the warrant; 86,111 shares of common stock vest on the first day of each month for the seventeen (17) month period thereafter,beginning on June 1, 2011; and 86,113 shares of common stock vest on December 1, 2012.
- [F2]Warrant was originally issued by Integrated Environmental Technologies, Ltd. ("IET") to David R. LaVance, President and Chief Executive Officer and a director of I.E.T., on April 21, 2011. Mr. LaVance transferred a portion of such warrant to Mr. Gifford on December 27, 2011.
- [F3]The shares of Common Stock underlying the warrant were fully vested upon issuance of the warrant.