MCGUIRE DENNIS E 4
4 · ECOSPHERE TECHNOLOGIES INC · Filed Apr 23, 2010
Insider Transaction Report
Form 4
MCGUIRE DENNIS E
President and CTO10% Owner
Transactions
- Award
Stock Options (Right to Buy)
2010-04-21+6,000,000→ 6,000,000 totalExercise: $1.01Exp: 2015-04-21→ Common Stock (6,000,000 underlying)
Footnotes (2)
- [F1]Of these securities: (i) 2,000,000 options are fully vested and (ii) 4,000,000 options vest semi-annually over a three year period each June 30 and December 31, with the first vesting date being December 31, 2010, subject to the reporting person remaining as an employee on each applicable vesting date. The unvested options will immediately vest upon the occurrence of certain milestones, which milestones will result in significant economic benefits to Ecosphere.
- [F2]Not applicable.