-----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, Q/PT8XMF00P3rYS8uziYnJH+WX78jRwz4bnLq6A0NWV2Itu8dzl3KwfGpeqgoFl5 WjB9u1uU7uCxs074ezSToA== 0001201309-07-000001.txt : 20071030 0001201309-07-000001.hdr.sgml : 20071030 20071030090921 ACCESSION NUMBER: 0001201309-07-000001 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20071029 FILED AS OF DATE: 20071030 DATE AS OF CHANGE: 20071030 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: RYCHLAK LAWRENCE CENTRAL INDEX KEY: 0001201309 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31265 FILM NUMBER: 071198064 BUSINESS ADDRESS: BUSINESS PHONE: 4105600835 MAIL ADDRESS: STREET 1: 14 PEBBLE LANE CITY: TIMONIUM STATE: MD ZIP: 21093 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: AVATECH SOLUTIONS INC CENTRAL INDEX KEY: 0000852437 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 841035353 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 BUSINESS ADDRESS: STREET 1: 11403 CRONHILL DRIVE STREET 2: SUITE A CITY: OWING MILLS STATE: MD ZIP: 21117 BUSINESS PHONE: 4109026900 MAIL ADDRESS: STREET 1: 11403 CRONHILL DRIVE STREET 2: SUITE A CITY: OWING MILLS STATE: MD ZIP: 21117 FORMER COMPANY: FORMER CONFORMED NAME: PLANETCAD INC DATE OF NAME CHANGE: 20001117 FORMER COMPANY: FORMER CONFORMED NAME: SPATIAL TECHNOLOGY INC DATE OF NAME CHANGE: 19960708 4 1 primary_doc.xml PRIMARY DOCUMENT X0202 4 2007-10-29 0 0000852437 AVATECH SOLUTIONS INC AVSO.OB 0001201309 RYCHLAK LAWRENCE 14 PEBBLE LANE TIMONIUM MD 21093 0 1 0 0 Chief Financial Officer Common stock purchase option 0.84 2007-10-29 4 A 0 100000 0 A 2017-10-29 Common Stock 100000 100000 D The award will vest on October 28, 2017 but acceleration of the vesting will occur if the reported net income of Avatech Solutions, Inc. for the year ended June 30, 2008 is greater than $2 million. If the net income target is met and the gross margin for the Services business equals or exceeds the budgeted target, there is an additional acceleration of shares. The amount of accelerated vesting ranges from 20,000 shares if the net income is $2 million to the full 100,000 shares if reported net income is greater than $4 million and all other targets are met. Lawrence Rychlak 2007-10-30 -----END PRIVACY-ENHANCED MESSAGE-----