-----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, CTpYvTwxPu8D0hG41hHT/VrDDfAADEEIxkl7sSa29dYU/uJ+4Q67PWD21gPymBIj xygV2bJBN9xUidUhMDqvJg== 0000844143-06-000015.txt : 20060516 0000844143-06-000015.hdr.sgml : 20060516 20060516174704 ACCESSION NUMBER: 0000844143-06-000015 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060512 FILED AS OF DATE: 20060516 DATE AS OF CHANGE: 20060516 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: INNOVO GROUP INC CENTRAL INDEX KEY: 0000844143 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS FABRICATED TEXTILE PRODUCTS [2390] IRS NUMBER: 112928178 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 BUSINESS ADDRESS: STREET 1: 5804 EAST SLAUSON AVENUE STREET 2: - CITY: COMMERCE STATE: CA ZIP: 90040 BUSINESS PHONE: 3237255516 MAIL ADDRESS: STREET 1: 5804 EAST SLAUSON AVENUE STREET 2: - CITY: COMMERCE STATE: CA ZIP: 90040 FORMER COMPANY: FORMER CONFORMED NAME: ELORAC CORP DATE OF NAME CHANGE: 19901009 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CROSSMAN MARC CENTRAL INDEX KEY: 0001214650 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-18926 FILM NUMBER: 06847197 BUSINESS ADDRESS: BUSINESS PHONE: 9737436585 MAIL ADDRESS: STREET 1: 162 RIDGEWOOD AVENUE CITY: GLEN RIDGE STATE: NJ ZIP: 07028 4 1 primary_doc.xml PRIMARY DOCUMENT X0202 4 2006-05-12 0 0000844143 INNOVO GROUP INC INNO 0001214650 CROSSMAN MARC 5804 EAST SLAUSON AVE. COMMERCE CA 90040 1 1 0 0 CEO, President and CFO Employee Stock Option (right to buy) 2.86 2006-05-12 4 D 0 1000000 D 2013-03-25 Common Stock 1000000 0 D Employee Stock Option (right to buy) 1.02 2006-05-12 4 A 0 1000000 A 2016-05-12 Common Stock 1000000 1000000 D Employee Stock Option (right to buy) 5.91 2006-05-12 4 D 0 250000 D 2015-06-13 Common Stock 250000 0 D Employee Stock Option (right to buy) 1.02 2006-05-12 4 A 0 250000 A 2015-06-13 Common Stock 250000 250000 D The reporting person agreed to a cancellation of an option previously granted to him on May 22, 2003 under the 2000 Employee Stock Incentive Plan (the "2000 Plan") in exchange for the grant of a new option for the same amount having a lower exercise price granted pursuant to the 2004 Stock Incentive Plan (the "2004 Plan"). After adoption of the 2004 Plan, the Company indicated that it would not make any additional grants pursuant to the 2000 Plan. These option originally vested on a monthly basis over a two year period beginning as of March 25, 2003 and were vested in full as of March 25, 2005. These options were granted pursuant to the 2000 Plan. The new grant of options is immediately vested and exercisable in full. These options were granted pursuant to the 2004 Plan. Pursuant to the terms of the 2004 Plan, the Compensation Committee of the Board of Directors elected to amend the outstanding option to provide for a lower exercise price. The amendment of the outstanding option results in the deemed cancellation of the option and the grant of a replacement option. The option was originally granted on June 13, 2005 and was exercisable in full as of the date of grant. Except for the amendment to the exercise price, the terms of the original grant remain the same for what is deemed to be the replacement grant. /s/ Marc Crossman 2006-05-12 -----END PRIVACY-ENHANCED MESSAGE-----