Harris & Harris Group Inc. 2010 Non-Qualified Stock Option Grant Schedule
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Summary
Harris & Harris Group Inc. granted non-qualified stock options (NQSOs) to several employees on May 12, 2010, at an exercise price of $4.84 per share. The options vest in three installments: 25% on May 12, 2011, 50% on May 12, 2012, and 25% on May 12, 2013, with all options expiring on May 12, 2015. The agreement outlines the number of options granted to each employee and the vesting schedule. Employees must exercise their options before the expiration date to benefit from the grant.
EX-10.1 2 v184611_ex10-1.htm Unassociated Document
| HARRIS & HARRIS GROUP INC. | |||||
| OPTION GRANTING, VESTING AND EXPIRATIONS | |||||
| GRANT DATE FOR ALL OPTIONS: May 12, 2010 | |||||
| Exercise Price $ 4.84 | |||||
| Expiration Date of Options | 2011 | 2012 | 2013 | Total | |
| JAMISON | |||||
| NQSO 5 Years | |||||
| 25% vest 5/12/2011 | 5/12/2015 | 6,375 | |||
| 50% vest 5/12/2012 | 5/12/2015 | 12,750 | |||
| 25% vest 5/12/2013 | 5/12/2015 | 6,375 | |||
| 25,500 | |||||
| JANSE | |||||
| NQSO 5 Years | |||||
| 25% vest 5/12/2011 | 5/12/2015 | 6,375 | |||
| 50% vest 5/12/2012 | 5/12/2015 | 12,750 | |||
| 25% vest 5/12/2013 | 5/12/2015 | 6,375 | |||
| 25,500 | |||||
| ANDREEV | |||||
| NQSO 5 Years | |||||
| 25% vest 5/12/2011 | 5/12/2015 | 6,375 | |||
| 50% vest 5/12/2012 | 5/12/2015 | 12,750 | |||
| 25% vest 5/12/2013 | 5/12/2015 | 6,375 | |||
| 25,500 | |||||
| WOLFE | |||||
| NQSO 5 Years | |||||
| 25% vest 5/12/2011 | 5/12/2015 | 6,375 | |||
| 50% vest 5/12/2012 | 5/12/2015 | 12,750 | |||
| 25% vest 5/12/2013 | 5/12/2015 | 6,375 | |||
| 25,500 | |||||
| USHIO | |||||
| NQSO 5 Years | |||||
| 25% vest 5/12/2011 | 5/12/2015 | 3,750 | |||
| 50% vest 5/12/2012 | 5/12/2015 | 7,500 | |||
| 25% vest 5/12/2013 | 5/12/2015 | 3,750 | |||
| 15,000 | |||||
| FORMAN | |||||
| NQSO 5 Years | |||||
| 25% vest 5/12/2011 | 5/12/2015 | 3,750 | |||
| 50% vest 5/12/2012 | 5/12/2015 | 7,500 | |||
| 25% vest 5/12/2013 | 5/12/2015 | 3,750 | |||
| 15,000 | |||||
| EGAN | |||||
| NQSO 5 Years | |||||
| 25% vest 5/12/2011 | 5/12/2015 | 1,500 | |||
| 50% vest 5/12/2012 | 5/12/2015 | 3,000 | |||
| 25% vest 5/12/2013 | 5/12/2015 | 1,500 | |||
| 6,000 | |||||
| ALL OTHER EMPLOYEES | |||||
| NQSO 5 Years | |||||
| 25% vest 5/12/2011 | 5/12/2015 | 3,000 | |||
| 50% vest 5/12/2012 | 5/12/2015 | 6,000 | |||
| 25% vest 5/12/2013 | 5/12/2015 | 3,000 | |||
| 12,000 | |||||
| NQSO 5 Years | 37,500 | 75,000 | 37,500 | 150,000 | |
| Total | 37,500 | 75,000 | 37,500 | 150,000 |
