Vinick Charles 4
4 · ECOSPHERE TECHNOLOGIES INC · Filed Jan 20, 2011
Insider Transaction Report
Form 4
Vinick Charles
Director
Transactions
- Award
Stock Options (Right to Buy)
2011-01-18+1,000,000→ 1,000,000 totalExercise: $0.48Exp: 2016-01-18→ Common Stock (1,000,000 underlying)
Footnotes (3)
- [F1]The securities were previously granted but only vested upon the Reporting Person becoming Chief Executive Officer, which occured on January 18, 2011. Furthermore, 750,000 options previously awarded to the Reporting Person for accepting the Executive Chairman position are forfeited upon accepting this full-time Chief Executive Officer position.
- [F2]Of the securities, (i) 500,000 vested upon the Reporting Person becoming Chief Executive Officer, and (ii) the balance shall vest in equal increments on June 30, 2011 and December 31, 2011 subject to the Reporting Person?s continued employment on each applicable vesting date.
- [F3]Not applicable.