Smith Gregory R L 4
4 · IMAGE SENSING SYSTEMS INC · Filed Jun 24, 2009
Insider Transaction Report
Form 4
Smith Gregory R L
Chief Financial Officer
Transactions
- Disposition to Issuer
Incentive stock option
2009-06-22−24,000→ 0 totalExercise: $14.10Exp: 2013-01-15→ Common stock (24,000 underlying) - Award
Incentive stock options
2009-06-22+24,000→ 24,000 totalExercise: $9.22Exp: 2015-06-22→ Common stock (24,000 underlying)
Footnotes (3)
- [F1]The option provided for vesting in four equal annual installments beginning January 15, 2008.
- [F2]On June 22, 2009, the issuer canceled, pursuant to the issuer's option exchange program, an option grant to the reporting person on January 15, 2007. In exchange, the reporting person received a replacement option on June 22, 2009, for the same number of shares, having an exercise price equal to the market price of the underlying stock on the grant date.
- [F3]The options become exercisable in four equal annual installments beginning January 2, 2010.