Desai Dinesh 4
4 · EMTEC INC/NJ · Filed Feb 13, 2013
Insider Transaction Report
Form 4
EMTEC INC/NJETEC.OB
Desai Dinesh
DirectorChairman and CEO10% Owner
Transactions
- Award
Stock Appreciation Right
2013-02-04+1,315,084→ 1,315,084 totalExercise: $1.75Exp: 2017-08-31→ Common Stock (1,315,084 underlying)
Footnotes (1)
- [F1]10% of the stock appreciation right ("SAR") will become vested on each of August 31, 2013, August 31, 2014, August 31, 2015, August 31, 2016 and August 31, 2017. The remaining 50% of the SAR, as well as any other portion of the SAR that is then unvested, will become vested upon the occurrence of a liquidity event, subject to certain conditions.