4/A//SEC Filing
MCCLOY JOHN J II 4/A
Accession 0001263780-03-000002
CIK 0000722051other
Filed
Sep 25, 8:00 PM ET
Accepted
Sep 26, 4:05 PM ET
Size
6.3 KB
Accession
0001263780-03-000002
Insider Transaction Report
Form 4/AAmended
NCT GROUP INCNCTI
MCCLOY JOHN J II
Director
Transactions
- Purchase
Option to acquire Common Stock
2003-09-10$0.05/sh+1,350,000$72,900→ 6,019,512 totalExercise: $0.05From: 2003-09-10Exp: 2010-09-10→ Common Stock (1,350,000 underlying)
Footnotes (2)
- [F1]As to 50%, date of grant; as to remaining 50%, immediately prior to the closing of any one of the following: 1. Third party acquires the right to a 10% equity interest in the issuer; 2. Third party acquires the right to a 10% equity interest in Artera Group, Inc. (currently a subsidiary of the issuer); or 3. Third party licenses the issuer's or a subsidiary's intellectual property or commits to distribute the issuer's or a subsidiary's products for $15 million in aggregate license fees or minimum royalties. In any event, all options vest three years from date of grant. 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]This amendment corrects the number of cumulative derivative securities previuosly reported.
Documents
Issuer
NCT GROUP INC
CIK 0000722051
Entity typeother
Related Parties
1- filerCIK 0001263780
Filing Metadata
- Form type
- 4/A
- Filed
- Sep 25, 8:00 PM ET
- Accepted
- Sep 26, 4:05 PM ET
- Size
- 6.3 KB