MARKHOFF STEVEN E 4
4 · KITTY HAWK INC · Filed Sep 18, 2003
Insider Transaction Report
Form 4
KITTY HAWK INCKTHK
MARKHOFF STEVEN E
VP, General Counsel, Secretary
Transactions
- Award
Stock Option (right to buy)
2003-09-16+300,000→ 300,000 totalExercise: $0.30Exp: 2013-07-30→ Common Stock (300,000 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 300,000 shares of Common Stock issuable upon the exercise of the stock option, 6,250 shares vested on July 30, 2003 and the remaining 293,750 shares vest in 47 equal monthly installments, beginning August 1, 2003.
- [F3]Not applicable.