FIRSTWAVE TECHNOLOGIES INC 4
4 · FIRSTWAVE TECHNOLOGIES INC · Filed Aug 1, 2003
Insider Transaction Report
Form 4
SIMMONS DAVID R
COO & President
Transactions
- Award
Incentive Stock Option (right to buy)
2003-07-31$3190.00/sh+3,190$10,176,100→ 3,190 totalExercise: $7.70From: 2004-07-31Exp: 2013-07-31→ Common stock, no par value (3,190 underlying) - Award
Non-Qualified Stock Option (right to buy)
2003-07-31$7.70/sh+31,810$244,937→ 31,810 totalExercise: $7.70From: 2004-07-31Exp: 2013-07-31→ Common Stock, no par value (31,810 underlying)
Footnotes (1)
- [F1]These options vest over a 4 year period in varying amounts. Amount of vested options per year is determined at time of grant to ensure compliance with rules for maximum dollar value of ISO's vesting per year and amount of options granted. Balance of options granted in varying amounts as non-qualified options also vesting over a 4 year period.