Chin Neil 4
4 · Fuse Science, Inc. · Filed Oct 22, 2012
Insider Transaction Report
Form 4
Chin Neil
Director
Transactions
- Award
Options to Purchase Common Stock
2012-10-19+525,000→ 1,025,000 totalExercise: $0.12Exp: 2017-10-19→ Common Stock (525,000 underlying) - Award
Options to Purchase Common Stock
2012-10-19+225,000→ 1,250,000 totalExercise: $0.21Exp: 2017-10-19→ Common Stock (225,000 underlying)
Footnotes (4)
- [F1]Options vest in quarterly installments over a two (2) year period from the grant date (subject to acceleration in the event of a merger, asset sale or other "change in control" as defined in Fuse Science Inc.'s Incentive Stock Plan), contingent on continued services as a director.
- [F2]Options were issued pursuant to Fuse Science Inc.'s 2011 Incentive Stock Plan.
- [F3]Includes 500,000 stock options previously issued pursuant to the 2011 Incentive Stock Plan to purchase common stock, 400,000 of which are exercisable at $0.0339 per share and 100,000 of which are exercisable at $0.28 per share.
- [F4]Options vest in quarterly installments over a two (2) year period from the grant date (subject to acceleration in the event of a merger, asset sale or other "change in control" as defined in Fuse Science Inc.'s 2011 Incentive Stock Plan), contingent on continued service as a director and the approval by Fuse's board of directors and shareholders of an amendment to the 2011 Incentive Stock Plan increasing the number of shares of common stock reserved thereunder for issuance by at least 3,000,000 shares.