Ryan Gary S 4
4 · DIGITAL FUSION INC/NJ/ · Filed Jan 5, 2005
Insider Transaction Report
Form 4
DIGITAL FUSION INC/NJ/DIGF.OB
Ryan Gary S
DirectorPresident
Transactions
- Exercise/Conversion
Stock Option (right to buy)
2005-01-03−150,000→ 300,000 totalExercise: $0.81Exp: 2014-05-10→ Common Stock (150,000 underlying) - Exercise/Conversion
Common Stock
2005-01-03$0.81/sh+150,000$121,500→ 150,000 total
Footnotes (1)
- [F1]The options vest as follows: 150,000 vested on 5/10/2004; 150,000 vest when the issuer's trailing 4 quarters revenue is more than $25 million with minimum net income of $1.75 million or the issuer's trailing 4 quarters earnings is more than $2.5 million; and 150,000 vest when the issuer's trailing 4 quarters revenue is more that $35 million with minimum net income of $2.5 million or the issuer's trailing 4 quarters earnings is more than $3.5 million. Performance criteria is subject ot change due to acquisitions and/or organic revenue. Although applied, not included in the original footnote.