LAFAVRE RODGER W 4
4 · SPIRE CORP · Filed Oct 13, 2010
Insider Transaction Report
Form 4
SPIRE CORPSPIR
Transactions
- Exercise/Conversion
Common Stock, $0.01 par value
2010-10-11$4.03/sh+17,000$68,510→ 17,000 total - Exercise/Conversion
Employee Stock Option dated November 30, 2000 (right to buy)
2010-10-11$4.03/sh−17,000$68,510→ 0 totalExercise: $4.03From: 2001-11-30Exp: 2010-11-30→ Common Stock (17,000 underlying) - Sale
Common Stock, $0.01 par value
2010-10-11$5.54/sh−17,000$94,180→ 0 total
Footnotes (3)
- [F1]Price is based on weighted average of sale.
- [F2]This Option is exercisable in annual increments of 25% of the Option shares, beginning on the first anniversary of Option. This Option is now fully invested and automatically terminates on November 30, 2010, which is the tenth anniversary of the date the Option was granted.
- [F3]The reporting person was granted an Option for 17,000 shares originally issued on November 30, 2000, which were set to expire on November 30, 2010. Accordingly, the reporting person elected to exercise Options.