Look Communications grants 30-cent options
Look Communications Inc (3) (C:LOK)
Shares Issued 56,811,570
Last Close 7/20/2007 $0.275
Monday July 23 2007 - Options Proposed
Mr. Peter Block reports
LOOK GRANTS STOCK OPTIONS TO SENIOR MANAGEMENT
Look Communications Inc. has granted 250,000 options to purchase subordinate voting shares of the corporation to senior management at an exercise price of 30 cents per share.
All options will be exercisable in respect of one-third on the first anniversary of the date of grant, one-third on the second anniversary of the date of grant and the remainder on the third anniversary of the date of grant. The options expire 10 years after the date of grant.
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The 250,000 options were granted to Jason Redman, Look's CFO.
He can not exercise the first one-third until a year from now, the second third until two years from now, the third third until three years from now.
