4//SEC Filing
Katzeff Matthew L. 4
Accession 0001437749-12-004687
CIK 0001303433other
Filed
May 7, 8:00 PM ET
Accepted
May 8, 7:45 PM ET
Size
7.1 KB
Accession
0001437749-12-004687
Insider Transaction Report
Form 4
Optionable IncOPBL.OB
Katzeff Matthew L.
Chief Financial Officer
Transactions
- Award
Stock Option
2012-05-02+200,000→ 200,000 totalExercise: $0.02→ Common Stock (200,000 underlying)
Footnotes (3)
- [F1]40,000 options vested on May 2, 2012 and 40,000 each will vest on November 2, 2012, May 2, 2013, November 2, 2013, and May 2, 2014. Notwithstanding the foregoing, the options shall vest immediately (i) upon a change in control of the Company, (ii) on the effective date of the Reporting Person's resignation or termination of his services to the Company as an employee or non-employee director if he resigns for Good Reason or is terminated without Cause, or (iii) if the Reporting Person is a non-employee director not nominated for re-election to the Board of Directors without Cause.
- [F2]"Cause" means being convicted or pleading guilty or nolo contendre for illegal conduct (other than any misdemeanor, traffic violation or similar misconduct), or a willful act that constitutes gross misconduct and that is materially injurious to the Company. "Good Reason" means a material reduction in the Reporting Person's compensation and/or benefits, a material diminution in the Reporting Person's job responsibilities or position in the Company, or the reolocation of the Company's office or the Reporting Person's principal duties with the Company outside of New York City.
- [F3]The options shall terminate (even if vested) upon the earliest to occur of (i) the effective date of the Reporting Person's resignation of his positions of services if he resigns without Good Reason, (ii) the effective date of his termination of services to the Company if such services were terminated for Cause, (iii) the second anniversary of the effective date of his voluntary cessation of services to the Company for Good Reason, (iv) the second anniversary of the effective date of the termination of his services to the Company without Cause, (v) the second anniversary of the termination of his services as a director after the Board fails without Cause to nominate him for re-election to the Board, (vi) the first anniversary of the termination of his services due to disability, and (vii) the first anniversary of his death if such death occurred while still he was employed with or serving the Company.
Documents
Issuer
Optionable Inc
CIK 0001303433
Entity typeother
Related Parties
1- filerCIK 0001497642
Filing Metadata
- Form type
- 4
- Filed
- May 7, 8:00 PM ET
- Accepted
- May 8, 7:45 PM ET
- Size
- 7.1 KB