Nestor 8-K 2006
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): November 1, 2006
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation)
42 Oriental Street; Third Floor, Providence, Rhode Island
(Address of principal executive offices)
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
On November 1, 2006, Nestor awarded Benjamin Alexander, its Vice President, General Counsel and Secretary, options to purchase 25,000 shares of its common stock at $2.16 per share. Additionally, Nestor awarded Nigel Hebborn, its Executive Vice President, Treasurer and CFO and Teodor Klowan, Jr., its Vice President, Corporate Controller and Chief Accounting Officer, options to purchase 10,000 shares each of its common stock at $ 2.16 per share. All the options vest in four equal tranches on each of the first four anniversaries of the grant date and expire on November 1, 2014. The option grants were made under the Company’s 2004 Stock Incentive Plan.
On November 1, 2006, Dr. Albert H. Cox, Jr. resigned from the Board of Directors of Nestor, Inc.
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.