-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, B2ihd+41/7bZO2V/nj6o3/GlAOx2Ro1i61+d5L1DoQBdTOZ0jmCMc2dh7iSEGAsn 0jQ382e90fiK6+Eov/W+qQ== 0001116502-08-001033.txt : 20080625 0001116502-08-001033.hdr.sgml : 20080625 20080625123855 ACCESSION NUMBER: 0001116502-08-001033 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080617 FILED AS OF DATE: 20080625 DATE AS OF CHANGE: 20080625 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: ECOSPHERE TECHNOLOGIES INC CENTRAL INDEX KEY: 0001071760 STANDARD INDUSTRIAL CLASSIFICATION: CONSTRUCTION, MINING & MATERIALS HANDLING MACHINERY & EQUIP [3530] IRS NUMBER: 650841549 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 3515 S E LIONEL TERRACE CITY: STUART STATE: FL ZIP: 34996 BUSINESS PHONE: 5612874846 MAIL ADDRESS: STREET 1: 3515 S E LIONEL TERRACE CITY: STUART STATE: FL ZIP: 34996 FORMER COMPANY: FORMER CONFORMED NAME: ULTRASTRIP SYSTEMS INC DATE OF NAME CHANGE: 19990311 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Jakhete Sanjeev CENTRAL INDEX KEY: 0001438240 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 000-25663 FILM NUMBER: 08916093 BUSINESS ADDRESS: BUSINESS PHONE: 772-287-4846 MAIL ADDRESS: STREET 1: 3515 SE LIONEL TERRACE CITY: STUART STATE: FL ZIP: 34997 3 1 jakhete_ex.xml X0203 3 2008-06-17 0 0001071760 ECOSPHERE TECHNOLOGIES INC ESPH.OB 0001438240 Jakhete Sanjeev 3515 SE LIONEL TERRACE STUART FL 34997 0 1 0 0 Sr. VP of Engineering Stock Options 1.10 2014-12-31 Common Stock 1000 D Stock Options 1.10 2015-12-31 Common Stock 5000 D Stock Options .44 2011-12-17 Common Stock 13000 D Stock Options .44 2011-12-17 Common Stock 50000 D Stock Options .21 2011-12-21 Common Stock 100000 D Stock Options .30 2008-05-20 2013-05-20 Common Stock 1000000 D Stock Options .50 2008-06-17 2013-06-17 Common Stock 300000 D Stock Appreciation Rights .50 2008-06-17 2013-06-17 Common Stock 300000 D Stock Options .50 2008-06-23 2013-06-23 Common Stock 30000 D Stock Appreciation Rights .50 2008-06-23 2013-06-23 Common Stock 30000 D The employee stock options were fully exercisable on or before December 31, 2007. One half of the employee stock options vested immediately and the remaining are subject to vesting based upon meeting a specific milestone. The employee stock options and stock appreciation rights were granted in tandem. Accordingly, the exercise of one results in the expiration of the other. The employee stock options and stock appreciation rights vest annually in one-third installments on June 17, 2009, 2010 and 2011, subject to continued employment in an executive capacity with the issuer on the applicable vesting date. The stock appreciation rights are only exercisable if the shareholders have not approved an increase in authorized capital to permit all outstanding options and warrants to be exercised. The stock appreciation rights may only be settled in cash. /s/ Sanjeev Jakhete 2008-06-24 -----END PRIVACY-ENHANCED MESSAGE-----