ARC WIRELESS SOLUTIONS INC 4
4 · ARC WIRELESS SOLUTIONS INC · Filed Oct 1, 2007
Insider Transaction Report
Form 4
WADE ROBERT E
Director
Transactions
- Award
Common Stock
2007-10-01$5.16/sh+581$2,998→ 81,474 total
Holdings
- 2,500
Options: Right to Buy
Exercise: $5.47From: 2007-05-09Exp: 2009-05-09→ Common Stock (2,500 underlying) - 1,000(indirect: By Spouse)
Common Stock
Footnotes (4)
- [F1]In accordance with the 1997 Stock Option and Compensation Plan and the Issuer's policies concerning option grants to outside Directors, on May 9, 2007, Mr. Wade received a grant of options to purchase 2,500 shares with a two year term, 500 of which become exercisable for each meeting of the Board of Directors attended by Mr. Wade as an outside director.
- [F2]In accordance with the 1997 Stock Option and Compensation Plan and the Issuer's policies concerning option grants to outside Directors, on February 21, 2006, Mr. Wade received a grant of options to purchase 2,500 shares with a two year term, 500 of which become exercisable for each meeting of the Board of Directors attended by Mr. Wade as an outside director.
- [F3]Acquired pursuant to the Issuer's 2007 Stock Incentive Plan in lieu of Mr. Wade's outside Directors Meeting Fee of $3,000 for the meetings of the Board of Directors for the quarter ended September 30, 2007. The amount of shares was determined according to the closing price of the Common Stock on September 28, 2007.
- [F4]All amounts of securities beneficially owned, options and option exercise prices have been adjusted for the 1-for-50 reverse stock split effective February 12, 2007.