NATH RAVI 4
4 · ISECURETRAC CORP · Filed May 4, 2009
Insider Transaction Report
Form 4
ISECURETRAC CORPISEC
NATH RAVI
Director
Transactions
- Award
Common Stock
2009-04-30+1,449→ 26,437 total - Award
Common Stock Options
2009-04-29+15,000→ 66,000 totalExercise: $0.69Exp: 2019-04-29→ Common Stock (15,000 underlying)
Footnotes (2)
- [F1]At the election of Mr. Nath, Mr. Nath was awarded 1,449 shares of common stock in lieu of cash compensation of $1,000 for attendance at a meeting of the Board of Directors. The share calculation is based on the per meeting fee to non-employee directors of $1,000 divided by an April 29, 2009 closing price per share of $0.69.
- [F2]These options vest in full and become exercisable on April 29, 2010.