AMERICA WEST RESOURCES, INC. 4
4 · AMERICA WEST RESOURCES, INC. · Filed Dec 29, 2008
Insider Transaction Report
Form 4
AMERICA WEST RESOURCES, INC.AWSR.OB
WALKER ALEXANDER H III
DirectorSecretary
Transactions
- Purchase
Common Stock
2008-12-15$0.24/sh+20,000$4,800→ 8,751,232 total
Holdings
- 1,717,200
Stock Option (Right to Buy)
→ Common Stock (1,717,200 underlying) - 850,000
Stock Option (Right to Buy)
Exercise: $0.45→ Common Stock (850,000 underlying)
Footnotes (4)
- [F1]Stock Option vests 33% each year beginning July 2, 2008.
- [F2]Stock Option expires five years from date of vesting, being July 2, 2013, 2014, and 2015 respectively.
- [F3]Pursuant to the terms of an employment agreement, commencing on January 1, 2009 and for two additional years, Mr. Walker will be given the option to purchase a number of shares of Company common stock which is equal to 1% of the issued and outstanding shares of Company common stock as of the day immediately before the date of issuance (December 31st) for consideration to be mutually agreed upon by Mr. Walker and the Company.
- [F4]The maximum amount of shares that Mr. Walker would have the right to exercise the underlying the option on January 1, 2009 will be 1,717,200 shares.