GHANDOUR ZIAD 4
4 · SYNTROLEUM CORP · Filed Jan 26, 2005
Insider Transaction Report
Form 4
SYNTROLEUM CORPSYNM
GHANDOUR ZIAD
Director
Transactions
- Exercise of In-Money
Common Stock Warrants (right to buy)
2005-01-24$4.50/sh−200,000$900,000→ 300,000 totalExercise: $4.50From: 2004-09-07Exp: 2007-11-04→ Common Stock (200,000 underlying) - Exercise of In-Money
Common Stock
2005-01-24$4.50/sh+200,000$900,000→ 600,000 total
Footnotes (1)
- [F1]The issuance of the warrants to Mr. Ghandour was approved by the Board of Directors of Syntroleum Corporation on February 2, 2004, subject to stockholder approval. On April 26, 2004, Syntroleum's stockholders approved the issuance of the warrants to Mr. Ghandour. On September 7, 2004, Syntroleum and Mr. Ghandour mutually agreed that the requirement had been met regarding the execution of an agreement with Dragados Industrial S.A., triggering the vesting of the warrants to purchase 500,000 shares of Syntroleum common stock.