3//SEC Filing
SHAH KRIS 3
Accession 0000904775-04-000019
CIK 0000847555other
Filed
Aug 15, 8:00 PM ET
Accepted
Aug 16, 8:04 PM ET
Size
8.3 KB
Accession
0000904775-04-000019
Insider Transaction Report
Form 3
SAFLINK CORPSFLK
SHAH KRIS
DirectorOther
Holdings
Stock Option (Right to Buy)
Exercise: $2.17Exp: 2012-07-31→ Common Stock (15,750 underlying)- 3,461,725(indirect: See footnote.)
Common Stock
Footnotes (5)
- [F1]Issued in exchange for 5,769,542 shares of common stock of SSP Solutions, Inc. in connection with the merger of Spartan Acquisition Corporation, a wholly-owned subsidiary of SAFLINK Corporation, with and into SSP Solutions (the "Merger").
- [F2]Includes 261,181 shares held by Chandra L. Shah Trust, of which the reporting person is the trustee; 261,181 shares held by Leena Shah Trust, of which the reporting person is the trustee; and 2,939,363 shares held by Kris and Geraldine Shah Family Trust, of which the reporting person and his wife, Geraldine Shah, are the trustees and beneficiaries.
- [F3]The option vested and became exercisable as to 20% of the underlying common stock on August 1, 2002, and vests and becomes exercisable as to the remaining 80% of the underlying common stock in equal monthly installments beginning September 1, 2002. The unvested portion vested August 6, 2004, upon the termination of an existing employment contract in connection with the Merger.
- [F4]Issuable in exchange for shares of common stock of SSP Solutions, Inc. in connection with the Merger.
- [F5]The option vested and became exercisable as to 20% of the underlying common stock on July 31, 2003, and vests and becomes exercisable as to the remaining 80% of the underlying common stock in equal monthly installments beginning August 31, 2003. The unvested portion vested August 6, 2004, upon the termination of an existing employment contract in connection with the Merger.
Documents
Issuer
SAFLINK CORP
CIK 0000847555
Entity typeother
IncorporatedCA
Related Parties
1- filerCIK 0001087002
Filing Metadata
- Form type
- 3
- Filed
- Aug 15, 8:00 PM ET
- Accepted
- Aug 16, 8:04 PM ET
- Size
- 8.3 KB