Company: BKYI
Filing Date: 2025-04-23
Form Type: 10-K
Source: 0001437749-25-012824
Chunk: 739

Company: BIO KEY INTERNATIONAL INC
Filing Date: 2025-04-23
Form: 10-K
Item: Item 1
Chunk 739
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 to compete, which prohibits Ms. Welch from doing business with any current or prospective customer of the Company or engaging in a business competitive with that of the Company during the term of her employment and for the one-year period thereafter. This agreement also contains a number of termination provisions as described in “Termination and Change in Control Arrangements” in this Item.

Stock Option Grants and Restricted Stock Awards

In the event of any change in the outstanding shares of our common stock by reason of a stock dividend, stock split, combination of shares, recapitalization, merger, consolidation, transfer of assets, reorganization, conversion or what the board deems to be similar circumstances, the number and kind of shares subject to outstanding options and restricted stock awards, and the exercise price of such options shall be appropriately adjusted. Restricted Furthermore, option agreements and restricted stock award agreements contain change of control provisions as described under the caption “Change in Control Provisions” below. 

      31

OUTSTANDING EQUITY AWARDS AT FISCAL YEAR END

The following table sets forth for each named executive officer, information regarding outstanding equity awards as at December 31, 2024.

      Option Awards 
      
      Stock Awards 

      Market value 

      Number of 

      Number of 

      of 

      securities 

      shares or 

      shares of 

      underlying 

      units 

      units of 

      unexercised 

      Option 

      of stock that 

      stock that 

      options 

      exercise 
      
      Option 
      
      have not 

      have not 

      exercisable 

      price 
      
      expiration 
      
      vested 

      vested 

      Name 
      
      (#) 

      ($) 
      
      date 
      
      (#) 

      ($)(1) 

      Michael W. DePasquale 

     232

     282.24
      
      3/23/2025 

     25,946
     (2)

     77,838

     232

     169.92
      
      3/21/2026 

     -

     -

      Cecilia C. Welch 

     174

     282.24
      
      3/23/2025 

     24,166
     (3)

     72,498

     174

     169.92
      
      3/21/2026 

     -