HEER KARL 4
4 · SPECTRUM SCIENCES & SOFTWARE HOLDINGS INC · Filed Jan 6, 2005
Insider Transaction Report
Form 4
HEER KARL
Director
Transactions
- Award
Stock Option (right to buy)
2004-11-15+75,000→ 150,000 totalExercise: $1.40Exp: 2007-11-15→ Common Stock (75,000 underlying) - Award
Stock Option (right to buy)
2004-04-20+75,000→ 75,000 totalExercise: $1.65Exp: 2007-04-20→ Common Stock (75,000 underlying)
Footnotes (3)
- [F1]On April 20, 2004, Spectrum Sciences & Software Holdings Corp. (the "Company") granted Karl Heer options to purchase 75,000 shares of the Company's common stock. Of the options issued to Karl Heer, 40,000 were exercisable upon issuance and 35,000 became exercisable on July 1, 2004.
- [F2]Price omitted because transaction is an option grant.
- [F3]On November 15, 2004, the Company granted Karl Heer options to purchase 75,000 shares of the Company's common stock. Of the options issued to Karl Heer, 40,000 were exercisable upon issuance and 35,000 will become exercisable on April 1, 2005.