LIQTECH INTERNATIONAL INC 4
4 · LIQTECH INTERNATIONAL INC · Filed Oct 10, 2013
Insider Transaction Report
Form 4
ANDREASSEN LASSE
DirectorChief Executive Officer
Transactions
- Award
Stock options
2012-03-23$3.28/sh+97,332$319,249→ 337,332 totalExercise: $3.28Exp: 2015-02-22→ Common stock (97,332 underlying) - Disposition to Issuer
Stock options
2013-10-07$1.50/sh−25,000$37,500→ 312,332 totalExercise: $1.50Exp: 2015-02-28→ Common Stock (25,000 underlying) - Exercise/Conversion
Common Stock
2013-10-07$1.50/sh+25,000$37,500→ 2,741,888 total(indirect: See footnote) - Award
Stock options
2011-08-24$3.00/sh+180,000$540,000→ 240,000 totalExercise: $3.00Exp: 2015-02-28→ Common Stock (180,000 underlying) - Award
Stock options
2011-08-24$1.50/sh+60,000$90,000→ 60,000 totalExercise: $1.50Exp: 2015-02-28→ Common stock (60,000 underlying) - Award
Stock option
2013-10-07$2.70/sh+25,000$67,500→ 337,332 totalExercise: $2.70From: 2013-10-07Exp: 2015-02-28→ Common stock (25,000 underlying)
Footnotes (4)
- [F1]Shares of common stock are owned by El Salto ApS, a Danish entity. The voting and disposition of the shares owned by El Salto is controlled by Mr. Andreassen. Also include direct ownership of the vested portion of 337,332 stock options, of which 25,000 stock options have an exercise price of $2.70 and are fully vested, 35,000 stock options have an exercise price of $1.50 per share and are fully vested, 180,000 stock options have an exercise price of $3.00 and are fully vested and 97,332 stock options have an exercise price of $3.28 and vest in three equal annual installments on March 23, 2012, March 23, 2013 and March 23, 2014.
- [F2]The 60,000 stock options had an exercise price of $1.50 and vested (and were also exercisable) in three equal annual installments on August 24, 2011, September 1, 2012 and September 1, 2013.
- [F3]The 180,000 stock options have an exercise price of $3.00 and vested (and were also exercisable) in three equal annual installments on August 24, 2011, September 1, 2012 and September 1, 2013.
- [F4]The 97,332 stock options have an exercise price of $3.28 and vest (and are also exercisable) in three equal installments on March 23, 2012, March 23, 2013 and March 23, 2014.