AUBREY KEN 4

4 · IMAGE SENSING SYSTEMS INC · Filed Jun 24, 2009

Form 4

Period: 2009-06-22

President & CEO

Transactions

Award
Non-incentive stock options
2009-06-22+22,285→ 22,285 total
Exercise: $9.22Exp: 2015-06-22→ Common stock (22,285 underlying)
Award
Incentive stock options
2009-06-22+27,715→ 27,715 total
Exercise: $9.22Exp: 2015-06-22→ Common stock (27,715 underlying)
Disposition to Issuer
Non-incentive stock options
2009-06-22−21,912→ 0 total
Exercise: $14.24Exp: 2013-01-22→ Common stock (21,912 underlying)
Disposition to Issuer
Incentive stock options
2009-06-22−28,088→ 0 total
Exercise: $14.24Exp: 2013-01-22→ Common stock (28,088 underlying)

Footnotes (4)

[F1]The option provided for vesting in four equal annual installments beginning January 22, 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 22, 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 annual installments of 10,845 options each at January 2, 2010 and 2011; and 6,025 options at January 2, 2013.
[F4]The options become exercisable in four annual installments of 1,655 options each at January 2, 2010 and 2011, respectively; 12,500 options at January 2, 2012; and 6,475 options at January 2, 2013.

Documents

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