Safeplus International Holdings Ltd. (ACAI)

[krays]

Significant expense reduction here.

Stuart G. MacDonald
Divisional Vice President
Biophan Technologies, Incorporated
Pittsford , NY
Sector: HEALTHCARE / Medical Instruments & Supplies
Officer since January 2001

58 Years Old
Stuart G. MacDonald has been Biophan's Vice-President-Research and Development since January 2001. From January 1995 through December 2000, Mr. MacDonald was employed at Ortho-Clinical Diagnostics, a Johnson & Johnson company, holding the position of Director-Engineering from 1996 to mid-1997 and Vice-President, Clinical Lab Instrumentation R&D from mid-1997 through December 2000. He worked at Eastman Kodak Company from 1971 to 1994, rising to the position of Assistant Director, Clinical Diagnostic Research Labs. A portion of Mr. MacDonald's time is spent assisting with the research programs of Biomed Solutions, LLC and Myotech, LLC, related companies, for which Biophan is reimbursed. On September 15, 2008, Stuart G. MacDonald, the Company's Vice President - Research and Development, was given notice his employment is being terminated effective October 15, 2008.

Compensation
Salary $175,000.00
Bonus $0.00
Other Annual Compensation $0.00
Long term incentive plan payouts $0.00
Restricted stock awards $0.00
Security underlying options $0.00
All other compensation $0.00
Option awards $ $152,600.00
Non-equity incentive plan compensation $0.00
Change in pension value and nonqualified deferred compensation earnings $0.00
Total Compensation $327,600.00

Options Granted during Fiscal Year
Grant
Date All other stock awards (# of shares of stocks or units) Number of securities underlying options Exercise
or base
price Percent of total options granted in fiscal year Grant date fair value of stock and option awards See More
07/27/2008 - 545,000 $0.28 7.76% $ -


Options Exercised
Number of securities underlying options exercisable 715,000
Number of securities underlying options unexercisable 135,000
Value of unexercised options, currently exercisable $681,800.00
Value of unexercised options, currently unexercisable $129,950.00
FINAL COMPENSATION $ 327,600.00





http://people.forbes.com/profile/stuart-g-macdonald/11895