NUTECH DIGITAL INC 4
4 · NUTECH DIGITAL INC · Filed Sep 2, 2005
Insider Transaction Report
Form 4
KASPER LEE
DirectorCEO, President, CFO10% Owner
Transactions
- Award
Option to purchase common stock
2005-09-01+2,000,000→ 9,700,000 totalExercise: $0.12Exp: 2010-09-01→ Common Stock (2,000,000 underlying) - Award
Option to purchase common stock
2005-09-01+6,000,000→ 7,700,000 totalExercise: $0.12From: 2005-09-01Exp: 2010-09-01→ Common Stock (6,000,000 underlying)
Footnotes (1)
- [F1]This option is a performance based option. The right to purchase 1,000,000 shares vests if the Company earns at least $2,000,000 during any quarter of the 2005 fiscal year, the right to purchase 500,000 shares will vest if the Company earns at least $5,000,000 in revenue during the 2005 fiscal year and the right to purchase 500,000 shares will vest if the Company successfully produces at least two major music concerts during the last four months of the 2005 fiscal year.