4//SEC Filing
GIFFORD THOMAS S 4
Accession 0001213900-12-001423
CIK 0001084031other
Filed
Mar 28, 8:00 PM ET
Accepted
Mar 29, 5:57 PM ET
Size
8.3 KB
Accession
0001213900-12-001423
Insider Transaction Report
Form 4
GIFFORD THOMAS S
Executive VP, CFO & Secretary
Transactions
- Award
Option (Right to Buy)
2012-03-27+2,000,000→ 2,000,000 totalExp: 2022-03-27→ Common Stock, $.001 par value (2,000,000 underlying) - Other
Common stock, par value $.001 per share
2012-03-27$0.10/sh+60,000$6,000→ 60,000 total
Footnotes (2)
- [F1]Shares of common stock were 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 March 27, 2012. Mr. LaVance transferred a portion of such shares of common stock to Mr. Gifford on March 27, 2012.
- [F2]The shares of common stock underlying the options are exercisable and vest as follows: 333,333 shares vest on December 31, 2012, 333,333 shares vest on December 31, 2013 and 333,334 vest on December 31, 2014 and are exercisable at $0.10, $0.20 and $0.30, respectively; 333,333 shares vest upon the Company attaining breakeven operating results, as defined in the option agreement, for a period of four consecutive months or two consecutive quarters during the year ending December 31, 2012 and are exercisable at $0.10 per share; 333,333 shares vest upon the Company achieving at least $5,000,000 of revenues for the twelve month period ending December 31, 2013 and are exercisable at $0.20 per share; and 333,334 shares vest upon the Company achieving at least $10,000,000 of revenues for the twelve month period ending December 31, 2014 and are exercisable at $0.30 per share.
Documents
Issuer
INTEGRATED ENVIRONMENTAL TECHNOLOGIES, LTD.
CIK 0001084031
Entity typeother
Related Parties
1- filerCIK 0001281398
Filing Metadata
- Form type
- 4
- Filed
- Mar 28, 8:00 PM ET
- Accepted
- Mar 29, 5:57 PM ET
- Size
- 8.3 KB