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TSS, Inc. — Director's Dealing 2012
Jun 8, 2012
33106_dirs_2012-06-08_8e5da49e-22f2-4a61-9f4c-38380e50dc6a.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Fortress International Group, Inc. (FIGI.PK)
CIK: 0001320760
Period of Report: 2012-06-06
Reporting Person: ANGELINI ANTHONY (Director, Chief Executive Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-06-06 | Employee Stock Option (Right to Buy) | $0.44 | A | 750000 | Acquired | 2022-04-30 | Common Stock (750000) | Direct |
Footnotes
F1: Exercise price is equal to the average of the high and low bid prices for the Company's common stock reported daily on the OTCQB marketplace during the 20 trading days following April 30, 2012.
F2: The option grant was approved by the Company's board of directors on April 30, 2012, subject to stockholder approval of an amendment to the Company's 2006 Omnibus Incentive Compensation Plan to increase the maximum number of shares of common stock that may be issued under that plan. The Company's stockholders approved that amendment on June 6, 2012.
F3: The option becomes exercisable in six 125,000-share increments when the fair market value of the Company's common stock is at least $1.50, $2.00, $2.50, $3.00, $3.50, and $4.00, respectively, for 20 consecutive business days.