LEARNING TREE INTERNATIONAL, INC. 4
4 · LEARNING TREE INTERNATIONAL, INC. · Filed Oct 3, 2013
Insider Transaction Report
Form 4
Max Shevitz
President
Transactions
- Award
Stock Option (right to buy)
2013-10-01+200,000→ 200,000 totalExercise: $3.85Exp: 2023-10-01→ Common Stock (200,000 underlying)
Footnotes (3)
- [F1]Exercise price is equal to the average closing price for the ten trading days prior to the date of grant.
- [F2]The reporting person received 104,000 incentive stock options (ISOs) and 96,000 nonqualified stock options (NQOs) for a total of 200,000 options. All options have the same exercise price and vesting schedule.
- [F3]The options become exercisable in four equal annual installments of 50,000 (26,000 ISOs and 24,000 NQOs) on 10/1/2014, 10/1/2015, 10/1/2016 and 10/1/2017.