SUMMERS JOSEPH 4
4 · DIGITAL FUSION INC/NJ/ · Filed Jan 4, 2005
Insider Transaction Report
Form 4
DIGITAL FUSION INC/NJ/DIGF.OB
SUMMERS JOSEPH
V.P. Strategic Planning
Transactions
- Award
Stock Option (Right to Buy)
2005-01-03$2.63/sh+150,000$393,750→ 150,000 totalExercise: $2.63Exp: 2015-01-03→ Common Stock, par value $.01 per share (150,000 underlying)
Footnotes (1)
- [F1]The options vest as follows: 50,000 vest on 1/3/2005; 50,000 vest when the issuer's trailing 4 quarters revenue is more than $25 million with minimum net income of $1.75 or the issuer's trailing 4 quarters earnings is more than $2.5 million; and 50,000 vest when the issuer's trailing 4 quarters revenue is more than $35 million with minimum net income of $2.5 million or the issuer's trailing 4 quarters earnings is more than $3.5 million.