MCGUIRE DENNIS E 4
4 · ECOSPHERE TECHNOLOGIES INC · Filed Mar 23, 2011
Insider Transaction Report
Form 4
MCGUIRE DENNIS E
President and CTO10% Owner
Transactions
- Award
Stock Option (Right to Buy)
2011-03-21+9,000,000→ 9,000,000 totalExercise: $0.48Exp: 2016-01-02→ Common Stock (9,000,000 underlying)
Footnotes (2)
- [F1]On January 2, 2011, the Reporting Person was granted options to purchase 9,000,000 shares of common stock. Of the options, none vested until a definitive agreement with a third party was executed. The agreement was executed on March 21, 2011, and as a result, 3,000,000 options vested. The remaining 6,000,000 options vest in equal increments each June 30 and December 31 over the two-year term of the agreement with the third party.
- [F2]Not applicable.