Qty 11 FORM 4 Filings between October 22 & 26, 2012
Filing Data 10-26-12:
ADLER, ADAM
Chief Business Devlp Ofcr
Options to Purchase Common Stock $0.12 10/19/2012 A 700000 (1) 10/19/2017 Common Stock 700000 $0.00 (2) 700000 D
Options to Purchase Common Stock $0.21 10/19/2012 A 300000 (3) 10/19/2017 Common Stock 300000 $0.00 (2) 1000000 D
Explanation of Responses:
( 1) Options vest in quarterly installments over a two (2) year period from the grant date (subject to acceleration in the event of a merger, asset sale or other "change in control" as defined in Fuse Science, Inc.'s 2011 Incentive Stock Plan), contingent on continued employment and service as a director.
( 2) Options were issued pursuant to Fuse Science, Inc.'s 2011 Incentive Stock Plan.
( 3) Options vest in quarterly installments over a two (2) year period from the grant date (subject to acceleration in the event of a merger, asset sale or other "change in control" as defined in Fuse Science, Inc.'s 2011 Incentive Stock Plan), contingent on continued employment and service as a director and the approval by Fuse's board of directors and shareholders of an amendment to the 2011 Incentive Stock Plan increasing the number of shares of common stock reserved thereunder for issuance by at least 3,000,000 shares.
Also, as mentioned previously this is still being reported:
Adler, Adam
Week Of: 9/2/2012 - 9/9/2012
Transaction Shares
Planned Sale 1,401,060
