ISC8 INC. /DE 4
4 · ISC8 INC. /DE · Filed Nov 26, 2013
Insider Transaction Report
Form 4
ISC8 INC. /DEISCI
Joll Balraj
DirectorPresident and CEO
Transactions
- Disposition to Issuer
Stock Option
2013-10-21−1,000,000→ 0 totalExercise: $0.11Exp: 2021-06-05→ Common Stock (1,000,000 underlying) - Disposition to Issuer
Stock Option
2013-10-21−10,000,000→ 0 totalExercise: $0.15Exp: 2021-03-10→ Common Stock (10,000,000 underlying) - Disposition to Issuer
Stock Option
2013-10-21−5,000,000→ 0 totalExercise: $0.09Exp: 2020-12-24→ Common Stock (5,000,000 underlying) - Award
Stock Option
2013-10-21+43,411,313→ 43,411,313 totalExercise: $0.04Exp: 2023-10-21→ Common Stock (43,411,313 underlying)
Footnotes (5)
- [F1]The option provided for immediate vesting of 2,000,000 shares, with the balance vesting in 36 equal monthly installments thereafter.
- [F2]On October 21, 2013, the Issuer canceled, pursuant to an option exchange program, options to purchase an aggregate total of 16,000,000 shares of the Issuer's common stock, granted to the Reporting Person in December 2010, March 2011 and June 2011. In exchange, the Reporting Person received a replacement option to purchase 43,411,313 shares of the Issuer's common stock for $0.042 per share.
- [F3]The option provided for immediate vesting of 1,000,000 shares, with the balance vesting in 36 equal monthly installments thereafter.
- [F4]The option provided for immediate vesting of 100,000 shares, with the balance vesting in 36 equal monthly installments thereafter.
- [F5]One-third of option vested immediately, and the remaining two-thirds will vest in equal monthly installments over the next two years.