KIDD ROBERT P B 4
4 · IEC ELECTRONICS CORP · Filed Jan 20, 2005
Insider Transaction Report
Form 4
IEC ELECTRONICS CORPIECE.OB
KIDD ROBERT P B
Director
Transactions
- Award
Stock options (right to buy)
2005-01-19+5,000→ 5,000 totalExercise: $0.59From: 2005-07-19Exp: 2010-01-18→ Common Stock (5,000 underlying) - Award
Common Stock
2005-01-19+1,695→ 73,965 total
Footnotes (3)
- [F1]Stock issued pursuant to the Company's 2001 Stock Option and Incentive Plan, in lieu of cash, in payment of director's fee for Board meeting attendance: exempt under Rule 16(b) - 3(d). A director is entitled to receive $1,000 for each in -person meeting of the Board attended. The number of shares issued is based upon the closing price of the Company's common stock on the date of the meeting (1/19/05).
- [F2]Stock option granted pursuant to Company's 2001 Stock Option and Incentive Plan in a transaction exempt under Rule 16(b) - 3(d).
- [F3]The option becomes exercisable in three equal installments on July 19, 2005, January 19, 2006 and January 19, 2007 respectively.