DONN MICHAEL R SR 4
4 · ECOSPHERE TECHNOLOGIES INC · Filed Dec 28, 2010
Insider Transaction Report
Form 4
DONN MICHAEL R SR
DirectorChief Operating Officer
Transactions
- Award
Stock Options (Right to Buy)
2010-12-23+450,000→ 450,000 totalExercise: $0.48Exp: 2015-12-23→ Common Stock (450,000 underlying) - Award
Stock Options (Right to Buy)
2010-12-23+500,000→ 500,000 totalExercise: $0.48Exp: 2015-12-23→ Common Stock (500,000 underlying)
Footnotes (3)
- [F1]The options were fully vested as of the grant date.
- [F2]Not applicable.
- [F3]These options were granted in anticipation of entering into a new employment agreement, the terms of which are subject to further approval of the board of directors. Of the options: (i) 250,000 will vest on June 30, 2011; and (ii) 250,000 will vest on December 31, 2011, subject to the Reporting Person's execution of a new employment agreement and continued service as an employee on each applicable vesting date.