FRADELLA FRANK J 4
4 · HOME SOLUTIONS OF AMERICA INC · Filed Dec 15, 2004
Insider Transaction Report
Form 4
FRADELLA FRANK J
DirectorChairman, President and CEO
Transactions
- Disposition to Issuer
Employee Stock Option(right to purchase)
2004-12-13−750,000→ 0 totalExp: 2004-09-17→ Common Stock (750,000 underlying) - Award
Stock Option (right to buy)
2004-12-13+150,000→ 150,000 totalExercise: $1.42Exp: 2009-12-13→ Common Stock (150,000 underlying) - Award
Employee Stock Option(right to purchase)
2004-12-13+750,000→ 750,000 totalExp: 2004-09-17→ Common Stock (750,000 underlying)
Footnotes (2)
- [F1]Amendment of outstanding option to adjust exercise prices resulted in deemed cancellation of option and grant of replacement option. The option was origianlly granted on September 17, 2004, and provides for vesting in three equal annual installments that commences one year from the date of grant. The original exercise prices of $1.75 per share for the first 1/3 of the shares purchased, $2.00 per share for the next 1/3, and $2.25 per share for the final portion of the options were adjusted to $1.50, $1.75, and $2.00, respectively.
- [F2]Immediately