WOODARD GERALD G 4
4 · SRI SURGICAL EXPRESS INC · Filed Jul 16, 2012
Insider Transaction Report
Form 4
WOODARD GERALD G
DirectorChief Executive Officer
Transactions
- Disposition to Issuer
Stock Option (Right to buy)
2012-07-16$2.77/sh−50,000$138,500→ 0 totalExercise: $0.93Exp: 2019-03-07→ Common Stock (50,000 underlying) - Disposition from Tender
Common Stock
2012-07-13$3.70/sh−25,000$92,500→ 0 total - Disposition to Issuer
Stock Option (Right to buy)
2012-07-16$0.91/sh−75,000$68,250→ 0 totalExercise: $2.79Exp: 2020-03-17→ Common Stock (75,000 underlying)
Footnotes (2)
- [F1]This option, which provided for vesting evenly over a five year period from March 6, 2009, was cancelled in exchange for a cash payment of $138,500 (less any applicable withholdings), which represents the product of the number of shares covered by this option multiplied by the amount per share by which the per share amount of $3.70 exceeds the exercise price per share under this option.
- [F2]This option, which provided for vesting evenly over a five year period from March 16,2010, was cancelled in exchange for a cash payment of $68,250 (less any applicable withholdings), which represents the product of the number of shares covered by this option multiplied by the amount per share by which the per share amount of $3.70 exceeds the exercise price per share under this option.