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5//SEC Filing

BURROWS JOEL 5

Accession 0001245384-04-000017

CIK 0001038541other

Filed

Aug 8, 8:00 PM ET

Accepted

Aug 9, 10:00 AM ET

Size

8.2 KB

Accession

0001245384-04-000017

Insider Transaction Report

Form 5
Period: 2004-06-30
BURROWS JOEL
V.P. Training & Research & Dev
Transactions
  • Award

    Stock Option

    2002-09-27$0.44/sh+25,000$11,00025,000 total
    Exercise: $0.44Exp: 2012-09-27Common Stock (25,000 underlying)
  • Purchase

    Common Stock

    2003-06-30+0268 total
Footnotes (3)
  • [F1]Joint owner with adult brother, Lloyd Burrows.
  • [F2]No transactions ocurred the fiscal year of JUne 30, 2003 to June 30, 2004. Reporting only the Amount of Securities owned at the end of the fiscal year.
  • [F3]May 31, 2002 PACI Board of Directors re-purchased outstanding options of current employees at $.02 per share and re-issued a new Option Agreement for the same number of shares as held previously. The sharesin the new OPtion Agreement vested immediately and had a strike price of $1/per share. On or after May 31, 2001 100% vested (20,000 shares) On or after May 31, 2002 33 1/3% vested (1,666 shares) On or after May 31, 2001 66 2/3% vested (1,667 shares) On or after May 31, 2002 100% vested (1,667 shares)

Issuer

PRECISION AUTO CARE INC

CIK 0001038541

Entity typeother

Related Parties

1
  • filerCIK 0001245391

Filing Metadata

Form type
5
Filed
Aug 8, 8:00 PM ET
Accepted
Aug 9, 10:00 AM ET
Size
8.2 KB