Posted On: 06/15/2015 6:31:11 PM
Post# of 22465
Form4...CFO granted 14,300,000 options
The strike price of the options received was $0.10, and these expire on April 02, 2025 & are subject to dispersal as follows:
Options vest one-third on April 2, 2016, one-third on April 2, 2017 and one-third on April 2, 2018, subject to earlier vesting in accordance with the terms of his employment agreement.
****that's some mighty hefty allowances there...I hope those shares are coming out of the present O/S pool & not the A/S soas to limit dilution. I also hope the "terms of his employment agreement" included performance milestones & metrics soas not to be a recurrence of the Dr.Bob fiasco....no more giveaways please...unless they want to give me some of course
The strike price of the options received was $0.10, and these expire on April 02, 2025 & are subject to dispersal as follows:
Options vest one-third on April 2, 2016, one-third on April 2, 2017 and one-third on April 2, 2018, subject to earlier vesting in accordance with the terms of his employment agreement.
****that's some mighty hefty allowances there...I hope those shares are coming out of the present O/S pool & not the A/S soas to limit dilution. I also hope the "terms of his employment agreement" included performance milestones & metrics soas not to be a recurrence of the Dr.Bob fiasco....no more giveaways please...unless they want to give me some of course
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