BURROWS JOEL 5
5 · PRECISION AUTO CARE INC · Filed Aug 9, 2004
Insider Transaction Report
Form 5
BURROWS JOEL
V.P. Training & Research & Dev
Transactions
- Award
Stock Option
2002-09-27$0.44/sh+25,000$11,000→ 25,000 totalExercise: $0.44Exp: 2012-09-27→ Common Stock (25,000 underlying) - Purchase
Common Stock
2003-06-30+0→ 268 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)