KAPLAN MYRON 4
4 · KITTY HAWK INC · Filed Sep 17, 2003
Insider Transaction Report
Form 4
KITTY HAWK INCKTHK
KAPLAN MYRON
Director
Transactions
- Award
Stock Option (right to buy)
2003-09-16+225,000→ 225,000 total(indirect: see footnote)Exercise: $0.30Exp: 2013-07-29→ Common Stock (225,000 underlying)
Footnotes (4)
- [F1]The stock option was granted on July 29, 2003 pursuant to the terms of the Kitty Hawk 2003 Long Term Equity Incentive Plan (the "Plan"), adopted by the Board of Directors of Kitty Hawk, Inc. (the "Issuer") on July 29, 2003, subject to approval of the Plan by the Issuer's stockholders. The Issuer's stockholders approved the Plan on September 16, 2003.
- [F2]Of the 225,000 shares of Common Stock issuable upon exercise of the stock option, 62,500 shares vested on July 29, 2003 and the remaining 162,500 shares vest in 26 equal monthly installments, beginning on September 1, 2003.
- [F3]Not applicable
- [F4]The stock option was issued in the name of Mr. Kaplan, and Mr. Kaplan holds such stock option for the benefit of Kleinberg, Kaplan, Wolff & Cohen, P.C., a law firm in which Mr. Kaplan is a named partner.