RUSSO STEPHEN L 4
4 · ARKONA INC · Filed Dec 3, 2003
Insider Transaction Report
Form 4
ARKONA INCARKN
RUSSO STEPHEN L
Vice President Operations/CFO
Transactions
- Award
Stock Options (Rights to Buy)
2003-06-15+100,000→ 670,000 totalExercise: $0.20Exp: 2013-06-15→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]40% vest on June 15, 2004; 30% vest on June 15, 2005; 30% vest on June 15, 2006
- [F2]Of those options, 520,000 options were granted by a shareholder of the Issuer on shares controlled by such shareholder and are not dilutive to the Issuer.