Replies to post #12926 on GeneSYS ID Inc fka GNID

[DCorleone]

I fully understood that, as the RXSF shares numbers were a pattern. All someone had to do was read the RXSF filings and see the time frame of the Awards. I knew what they were for, but was giving someone on "the other RXSF side " time to clear the word "Spent" on shares, as you just cleared up the word AWARD.
On another note, I believe that when a company like RXSF is struggling, board members, who are usually successful, should not take the "token" amount until the company is at least to the break even point. IMO
Live what I preach.

[Stowe]

50 % of market price.

The agreement allows Ms. Yarde to convert any unpaid compensation to Company stock at a 50% discount to the then market price, in the form of unregistered securities. As of September 30, 2015 unpaid compensation under the agreement totaled $43,750. On September 21, 2015 Ms. Yarde converted $87,500 of the unpaid compensation into 265,152 shares of the company stock. Upon the signing of the agreement Ms. Yarde was granted employee stock options to purchase 50,000 shares of the Company’s Common Stock with vesting period and strike price as follows:

(i) 25,000 shares vested immediately with a strike price of $10.00 per share.

(ii) 12,500 shares vest on July 1, 2015 with a strike price of $10.00 per share.

(iii) 7,500 shares vest on January 1, 2016 with a strike price of $20.00 per share.

(iv) 5,000 shares vest on January 1, 2017 with a strike price of $50.00 per share.