WALSH DONALD R 4
4 · AVATECH SOLUTIONS INC · Filed Sep 10, 2003
Insider Transaction Report
Form 4
AVATECH SOLUTIONS INCavso.ob
WALSH DONALD R
Chief Executive Officer
Transactions
- Disposition to Issuer
Common Stock
[F1]2003-07-30$0.35/sh+50,000$17,500→ 201,860 total - Award
Option to buy Common Stock
[F2]2003-07-30+100,000→ 201,860 totalExercise: $0.35From: 2009-07-01Exp: 2013-07-30→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]These shares are subject to forfeiture and restrictions on transfer which lapse in equal installments on the last day of each month, beginning in July 2003 and ending in June 2004.
- [F2]The option to purchase 50,000 shares will vest on or before June 30, 2004 provided that the registrant meets certain operating income targets and the option to purchase the remaining 50,000 shares will vest on or before December 31, 2004 provided that the registrant meets certain revenue targets.
Signature
Donald R. "Scotty" Walsh|2003-09-10