Korhonen Edwin J 4
4 · Surge Global Energy, Inc. · Filed Oct 12, 2012
Insider Transaction Report
Form 4
Korhonen Edwin J
Director
Transactions
- Disposition to Issuer
Common Stock Options
2012-10-09−250,000→ 0 totalExercise: $0.12From: 2008-07-14Exp: 2012-10-09→ Common Stock (250,000 underlying) - Disposition to Issuer
Common Stock Options
2012-10-09−300,000→ 0 totalExercise: $0.06From: 2009-02-24Exp: 2012-10-09→ Common Stock (300,000 underlying) - Award
Common Stock Options
2012-10-09+550,000→ 550,000 totalExercise: $0.02Exp: 2015-10-08→ Common Stock (550,000 underlying)
Footnotes (3)
- [F1]The option is immediately exercisable and expires three years from the date of issue.
- [F2]The canceled options provided for vesting in equal 24 monthly installments beginning on the dates set forth above. 50,000 of the original 300,000 options were exercised in September, 2009.
- [F3]The reporting person agreed to cancellation of the 550,000 stock options (in the aggregate) granted to him on 07/14/2008 and 02/24/2009 in exchange for a new option having a lower exercise price.