TEL INSTRUMENT ELECTRONICS CORP 4
4 · TEL INSTRUMENT ELECTRONICS CORP · Filed Mar 2, 2005
Insider Transaction Report
Form 4
FLETCHER HAROLD K
DirectorChairman
Transactions
- Award
Stock Option (right to Buy)
2004-12-08+15,000→ 50,000 totalExercise: $3.74From: 2005-12-08Exp: 2009-12-08→ Common Stock (15,000 underlying)
Footnotes (1)
- [F1]Options become exercisable for 20% of the shares on the first three anniversaries of the grant and 40% of the shares on the fourth anniversary of the grant date.