MILLER WILLIAM P 4
4 · TASKER PRODUCTS CORP · Filed Oct 13, 2006
Insider Transaction Report
Form 4
MILLER WILLIAM P
Director
Transactions
- Award
Stock Option (right to buy)
2006-09-28+250,000→ 250,000 totalExercise: $0.12Exp: 2016-05-10→ Common Stock (250,000 underlying) - Disposition to Issuer
Stock Option (right to buy)
2006-09-28−250,000→ 0 totalExercise: $1.00Exp: 2016-05-10→ Common Stock (250,000 underlying)
Footnotes (1)
- [F1]The two reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on May 11, 2006 and provided for vesting of twenty-five percent of the option on the date of grant, and the remainder were scheduled to vest in equal monthly installments over the two-year period from the date of the grant, provided that Mr. Miller remained on the Board of Directors. The replacement option provides for the vesting of the unvested balance immediately.