SHAH KRIS 4
4 · SAFLINK CORP · Filed Sep 3, 2004
Insider Transaction Report
Form 4
SAFLINK CORPSFLK
SHAH KRIS
DirectorOther
Transactions
- Award
Common Stock
2004-08-09+0→ 3,461,725 total(indirect: See footnote.) - Award
Employee Stock Option (right to buy)
2004-08-09+500,000→ 500,000 totalExercise: $2.37Exp: 2014-08-09→ Common Stock (500,000 underlying) - Award
Common Stock
2004-08-09$2.37/sh+500,000$1,185,000→ 500,000 total
Footnotes (5)
- [F1]Consists of restricted stock. The restriction on 300,000 shares lapses on the one-year anniversary of the grant date and lapses on 200,000 shares on the two-year anniversary of the grant date.
- [F2]Not applicable.
- [F3]Includes 261,181 shares held by Chandra L. Shah Trust, of which the reporting person is trustee; 261,181 shares held by Leena Shah Trust, of which the reporting person is trustee; 2,939,363 shares held by Kris and Geraldine Shah Family Trust, of which the reporting person and his wife, Geraldine Shah, are the trustees and beneficiaries.
- [F4]The option vests in 24 equal monthly installments following the date of grant if the reporting person is still serving as an employee at such time.
- [F5]Not applicable.