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PRKR > SEC Filings for PRKR > Form 8-K on 19-Oct-2011All Recent SEC Filings

Show all filings for PARKERVISION INC



Change in Directors or Principal Officers

Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On October 17, 2011, the Compensation Committee of the Board of Directors of ParkerVision, Inc. (the "Committee") awarded stock options to each of the Company's named executive officers and one senior management employee. Mr. Jeffrey Parker, Chief Executive Officer, was awarded 1,000,000 share options and Mr. David Sorrells, Chief Technology Officer, was awarded 500,000 share options. Mr. John Stuckey, Executive Vice President, Ms. Cindy Poehlman, Chief Financial Officer and one other senior management employee were each awarded 250,000 share options. These options, which were awarded under the 2011 Long-Term Incentive Equity Plan, have an exercise price of $0.89 per share, the closing price of the Company's common stock on the award date. These options vest in twelve equal quarterly installments beginning January 15, 2012, and expire on October 15, 2018. The options have provisions for acceleration of all or a portion of the award in the event of a change in control.

These executive and senior management employees last received equity-based awards in 2008.

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