ZENI PHILLIP T 4
4 · CIRCUIT RESEARCH LABS INC · Filed Aug 5, 2003
Insider Transaction Report
Form 4
ZENI PHILLIP T
DirectorExecutive VP and COO
Transactions
- Award
Common Stock, $.10 par value
2003-08-04$0.39/sh+17,419$6,731→ 184,455 total
Footnotes (2)
- [F1]Per the Reporting Person's employment agreement with the Issuer, effective October 1, 2002, the Reporting Person's compensation consists of cash and restricted stock. Under the employment agreement, the restricted stock is granted on a monthly basis at an issue price equal to the average of the daily closing price of the Issuer's common stock during the month preceding the grant.
- [F2]Includes 50,000 shares of common stock subject to exercisable options and previously reported on a Form 4 filed by the Reporting Person on February 11, 2002.