GPS INDUSTRIES, INC. 3
3 · GPS INDUSTRIES, INC. · Filed Jun 25, 2008
Insider Transaction Report
Form 3
Chessler David
Chief Executive Officer
Holdings
Stock Option (right to buy)
→ Common Stock
Footnotes (1)
- [F1]The stock options to purchase the Common Stock of Issuer are divided into thirty-nine tranches. Tranches 1-15 shall have an expiration date 30 months from date of grant. Tranches 16-39 shall have an expiration date of two years from date of vesting. Tranches 3-39 are based upon satisfaction of certain performance criteria of Issuer. See attached uploaded exhibit.