Nephros Inc (NEPH)

[diannedawn]

I think you guys are reading the filing wrong...
no one bought anything...
4 people RECIEVED stock options
(the RIGHT TO BUY AT 83¢, good until 2/16/2022)

here is a note from one of the Form 4's:
"On February 16, 2012, the Company granted an option to purchase 10,000 shares of common stock of the Company (the "Option") in respect of the service by Mr. Mieyal as a member of the Board of Directors of the Company. The Option was granted under the Company's 2004 Stock Incentive Plan. At the request of Mr. Mieyal, the Option was granted to Wexford Capital LP. The Option vested immediately with respect to 3,334 shares on February 16, 2012. The remainder of the Option vests in an installment of 3,333 shares on each of the first and second anniversary of the grant date."

see it says on the form "Non-qualified stock option (right to buy)"
look back and I'm sure you'll see they gift themselves with these options every year :)