SPECTRUM SCIENCES & SOFTWARE HOLDINGS INC 4
4 · SPECTRUM SCIENCES & SOFTWARE HOLDINGS INC · Filed Feb 16, 2005
Insider Transaction Report
Form 4
ARMSTRONG KELVIN
Director
Transactions
- Award
Stock Option (right to buy)
2005-02-14+500,000→ 950,000 totalExercise: $2.50Exp: 2008-02-14→ Common Stock (500,000 underlying)
Footnotes (2)
- [F1]On February 14,2005, Spectrum Sciences & Software Holding Corp. (The "Company") granted Kelvin Armstrong options to purchase 500,000 shares of the Company's common stock. Such options vested immediately upon issuance and become exercisable as of the date on which the Company certifies that the Company has achieved earning before interest, taxes, depreciation and amortization of $4 million for the 2005 fiscal year.
- [F2]Price omitted because transaction is an option grant.