Kallas Jerald G 4
4 · Terra Nova Financial Group Inc · Filed Aug 5, 2009
Insider Transaction Report
Form 4
Kallas Jerald G
MANAGING DIRECTOR
Transactions
- Award
Incentive stock options
2009-08-03$0.80/sh+50,000$40,000→ 50,000 totalExercise: $0.80From: 2010-08-03Exp: 2014-08-03→ Common Stock (50,000 underlying)
Footnotes (1)
- [F1]The stock options were issued with a term of five years from the grant date of August 3, 2009 and vest 33% after 12 months from the grant date for 16,500 stock options; another 33% after 24 months from the grant date for 16,500 stock options; and the remaining 34% after 36 months from the grant date for 17,000 stock options.