P COM INC 4
4 · P COM INC · Filed Jul 19, 2005
Insider Transaction Report
Form 4
P COM INCPCMC.OB
MEINERS JAMES D
President
Transactions
- Award
Restricted Common Stock
2005-07-15+65,000→ 137,000 total - Award
Warrant
2005-07-15$0.15/sh+210,000$31,500→ 210,000 totalExercise: $0.15From: 2005-10-27Exp: 2010-10-27→ Common Stock (210,000 underlying)
Footnotes (5)
- [F1]The Restricted Common Stock was granted pursuant to the P-Com, Inc. 2004 Stock Incentive Plan, and is exempt pursuant to Section 16b-3.
- [F2]The Restricted Common Stock and Warrant grant is contingent upon shareholder approval of an increase in the number of authorized shares of Common Stock at its Annual Meeting scheduled for August 12, 2005.
- [F3]The Restricted Common Stock vests according to the following schedule: one-third vests on October 27, 2005, one-third on October 27, 2006, and the remaining one-third on October 27, 2007.
- [F4]The Warrant vests according to the follow schedule: one-third becomes exercisable on October 27, 2005, and the remaining two-thirds become exercisable in 24 equal monthly installments thereafter.
- [F5]The Warrant was granted pursuant to resolution of the Board of Directors, and is exempt pursuant to Section 16b-3(d).