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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Option to purchase common stock | $ 1 | 01/01/2003 | A | 75,000 | 03/30/2003 | 01/01/2013 | Common stock par value $0.001 per share | 75,000 | $ 1.22 (1) | 75,000 | D | ||||
Option to purchase common stock | $ 1 | 01/01/2003 | A | 75,000 | 06/30/2003 | 01/01/2013 | Common stock par value $0.001 per share | 75,000 | $ 1.22 (1) | 75,000 | D | ||||
Option to purchase common stock | $ 1 | 01/01/2003 | A | 75,000 | 09/30/2003 | 01/01/2013 | Common stock par value $0.001 per share | 75,000 | $ 1.22 (1) | 75,000 | D | ||||
Option to purchase common stock | $ 1 | 01/01/2003 | A | 75,000 | 12/30/2003 | 01/01/2013 | Common stock par value $0.001 per share | 75,000 | $ 1.22 (1) | 75,000 | D | ||||
Option to purchase common stock | $ 1 | 01/01/2003 | A | 75,000 | 03/30/2004 | 01/01/2013 | Common stock par value $0.001 per share | 75,000 | $ 1.22 (1) | 75,000 | D | ||||
Option to purchase common stock | $ 1 | 01/01/2003 | A | 75,000 | 06/30/2004 | 01/01/2013 | Common stock par value $0.001 per share | 75,000 | $ 1.22 (1) | 75,000 | D | ||||
Option to purchase common stock | $ 1 | 01/01/2003 | A | 75,000 | 09/30/2004 | 01/01/2013 | Common stock par value $0.001 per share | 75,000 | $ 1.22 (1) | 75,000 | D | ||||
Option to purchase common stock | $ 1 | 01/01/2003 | A | 75,000 | 12/30/2004 | 01/01/2013 | Common stock par value $0.001 per share | 75,000 | $ 1.22 (1) | 75,000 | D | ||||
Option to purchase common stock | $ 1 | 01/01/2003 | A | 75,000 | 03/30/2005 | 01/01/2013 | Common stock par value $0.001 per share | 75,000 | $ 1.22 (1) | 75,000 | D | ||||
Option to purchase common stock | $ 1 | 01/01/2003 | A | 75,000 | 06/30/2005 | 01/01/2013 | Common stock par value $0.001 per share | 75,000 | $ 1.22 (1) | 75,000 | D | ||||
Option to purchase common stock | $ 1 | 01/01/2003 | A | 75,000 | 09/30/2005 | 01/01/2013 | Common stock par value $0.001 per share | 75,000 | $ 1.22 (1) | 75,000 | D | ||||
Option to purchase common stock | $ 1 | 01/01/2003 | A | 75,000 | 12/30/2005 | 01/01/2013 | Common stock par value $0.001 per share | 75,000 | $ 1.22 (1) | 75,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
SADLE STEPHEN L 902A COMMERCE ROAD ANNAPOLIS, MD 21401 |
X | Senior Vice President | ||
SADLE BARBARA J 902A COMMERCE ROAD ANNAPOLIS, MD 21401 |
spouse |
Stephen L. Sadle | 04/08/2004 | |
**Signature of Reporting Person | Date | |
Barbara J. Sadle | 04/08/2004 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | The options to purchase Telkonet common stock were received in connection with a stock repurchase of the issuer pursuant to which the reporting person surrendered 2,147,695 shares of Telkonet common stock and options to purchase 200,000 shares of Telkonet common stock at an exercise price of $1.00. The price of the options granted to the reporting person was calculated by dividing the aggregate value on January 1, 2003 of the Telkonet common stock and in -the-money options to purchase Telkonet common stock surrendered in the stock repurchase, by the number of options to purchase Telkonet common stock in the stock repurchase. |