MCCORMICK D DEAN III 4

4 · COMPOSITE TECHNOLOGY CORP · Filed Feb 5, 2009

Form 4

Period: 2009-02-03

Director

Transactions

Disposition to Issuer
Stock Options
2009-02-03−181,000→ 500,000 total
Exercise: $1.25Exp: 2018-08-11→ Common Stock (181,000 underlying)
Award
Stock Options
2009-02-03+325,000→ 681,000 total
Exercise: $0.35Exp: 2016-01-09→ Common Stock (500,000 underlying)
Disposition to Issuer
Stock Options
2009-02-03−325,000→ 356,000 total
Exercise: $1.04Exp: 2016-01-09→ Common Stock (500,000 underlying)
Award
Stock Options
2009-02-03+175,000→ 681,000 total
Exercise: $0.35Exp: 2016-09-27→ Common Stock (175,000 underlying)
Award
Stock Options
2009-02-03+181,000→ 681,000 total
Exercise: $0.35Exp: 2018-08-11→ Common Stock (181,000 underlying)
Disposition to Issuer
Stock Options
2009-02-03−175,000→ 506,000 total
Exercise: $1.00Exp: 2016-09-27→ Common Stock (175,000 underlying)

Footnotes (6)

[F1]These options vest according to the following schedule: 8.33% quarterly from the grant date of January 6, 2006.
[F2]The reporting person agreed to cancellation of an option granted to him on January 6, 2006, in exchange for a new option having a lower exericse price.
[F3]These options vest according to the following schedule: 8.33% quarterly from the grant date of September 27, 2006.
[F4]The reporting person agreed to cancellation of an option granted to him on September 27, 2006, in exchange for a new option having a lower exericse price.
[F5]These options vest according to the following schedule: 8.33% quarterly from the grant date of August 11, 2008.
[F6]The reporting person agreed to cancellation of an option granted to him on August 11, 2008, in exchange for a new option having a lower exericse price.

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