STONE DANIEL 4
4 · KITTY HAWK INC · Filed Sep 18, 2003
Insider Transaction Report
Form 4
KITTY HAWK INCKTHK
STONE DANIEL
Vice President Maintenance
Transactions
- Award
Stock Option (right to buy)
2003-09-16+150,000→ 150,000 totalExercise: $0.30Exp: 2013-07-30→ Common Stock (150,000 underlying)
Footnotes (3)
- [F1]The stock option was granted on July 30, 2003 pursuant to the terms of the Kitty Hawk 2003 Long Term Equity Incentive Plan (the "Plan"), adopted by the Board of Directors of Kitty Hawk, Inc. (the "Issuer") on July 29, 2003, subject to the approval of the Plan by the Issuer's stockholders. The Issuer's stockholders approved the Plan on September 16, 2003.
- [F2]Of the 150,000 shares of Common Stock issuable upon exercise of the stock option, 9,375 shares vested on July 30, 2003 and the remaining 140,625 shares vest in 45 equal monthly installments, beginning August 1, 2003.
- [F3]Not applicable.