Capstone Turbine Reports New Option Grants Under NASDAQ Rule 4350.Business Editors CHATSWORTH, Calif.--(BUSINESS WIRE)--Dec. 1, 2003 In accordance with NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Marketplace Rule 4350, as amended October 14, 2003, Capstone Turbine Capstone Turbine Corporation NASDAQ: CPST, incorporated in 1988, is a California based gas turbine manufacturer that specializes in microturbine power and heat cogeneration systems. Capstone has sold and shipped more than 3,000 of these one-moving-part systems worldwide. Corporation (Nasdaq:CPST CPST Cable Programming Services Tier CPST Commission on Professionals in Science and Technology CPST Community Psychiatric Supportive Treatment (Ohio) CPST Child Passenger Safety Technician CPST Classical Perturbation Scattering Theory ) granted inducement Inducement Electra incited brother, Orestes, to kill their mother and her lover. [Gk. Myth.: Zimmerman, 92; Gk. Lit.: Electra, Orestes] Hezekiah exhorts Judah to stand fast against Assyrians. [O.T. stock options to:
Number
of
Recipient Title Date Shares
Hired Covered
by
Option
David Gillispie Director of Program October
Management 1, 2003 60,000
Marty Segari Vice-President of November
Quality 24,
2003 100,000
Allen McNair Sales Director, November
Eastern Region 24,
2003 85,000
These options were granted without stockholder approval pursuant to NASDAQ Marketplace Rule 4350 (i)(1)(A)(iv) under the following terms: non-qualified stock options Non-qualified stock options are stock options which do not qualify for the special treatment accorded to incentive stock options. Incentive stock options are only available for employees and other restrictions apply for them. , exercise price equal to the fair market value on the grant date, ten-year duration, and vesting Vesting The process by which employees accrue non-forfeitable rights over employer contributions that are made to the employee's qualified retirement plan account. Notes: 25% after 1st year and 1/48th monthly thereafter. "Capstone Turbine Corp" is a registered trademark of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners. |
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