4//SEC Filing
LEBOVICS IRVING M 4
Accession 0001263767-03-000001
CIK 0000722051other
Filed
Sep 18, 8:00 PM ET
Accepted
Sep 19, 3:31 PM ET
Size
6.0 KB
Accession
0001263767-03-000001
Insider Transaction Report
Form 4
NCT GROUP INCNCTI
LEBOVICS IRVING M
Senior VP, Global Sales
Transactions
- Purchase
Option to Acquire Common Stock
2003-09-10$0.05/sh+800,000$43,200→ 3,338,415 totalExercise: $0.05From: 2003-09-10Exp: 2010-09-10→ Common Stock (800,000 underlying)
Footnotes (2)
- [F1]Options vest upon the earlier occurrence of a third party acquisition of 10% or more of issuer or issuer's subsidiary, Artera Group, Inc., or as follows: 40% date of grant and 30% on first and second anniversaries. Reservation of shares by issuer for exercise of these options is effective only upon shareholder approval of a sufficient increase in (a) the issuer's authorized shares of common stock and (b) the authorized number of shares under the issuer's 2001 Stock and Incentive Plan.
- [F2]10,643,323 additional derivative securities are held by reporting person's spouse and are indirectly beneficially owned by reporting person.
Documents
Issuer
NCT GROUP INC
CIK 0000722051
Entity typeother
Related Parties
1- filerCIK 0001263767
Filing Metadata
- Form type
- 4
- Filed
- Sep 18, 8:00 PM ET
- Accepted
- Sep 19, 3:31 PM ET
- Size
- 6.0 KB