KANODE ROBERT L 4
4 · VALENCE TECHNOLOGY INC · Filed Sep 26, 2011
Insider Transaction Report
Form 4
KANODE ROBERT L
DirectorPres./Chief Executive Officer
Transactions
- Award
Stock Option (Right to Buy)
2011-05-26+100,000→ 100,000 totalExercise: $0.96From: 2011-05-26Exp: 2020-06-16→ Common Stock (100,000 underlying)
Footnotes (1)
- [F1]On June 16, 2010, the reporting person was granted an option to purchase 500,000 shares of common stock. The option vests upon the satisfaction of certain performance criteria with respect to the issuer's fiscal years 2011, 2012 and 2013. The performance criteria for fiscal year 2011 were met, resulting in vesting of the option as to 100,000 shares after the issuance of the issuer's audited financial statementsfor fiscal year 2011.