Was heißt "Insider-Form 4"? Aktienoption/Spindler?

Hr. Spindler hat offenbar mehr als 10% aller Aktien. Handelt es sich hier in dem konkreten Fall um eine Aktien-Option? Nachfolgende Zeilen hab ich aus dem SEC-Filling kopiert.:

1. Name and Address of Reporting Person *

SPINDLER SACHA H  2. Issuer Name and Ticker or Trading Symbol

PETROGEN CORP [ PTGC ]  5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      __ X __ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
President/CEO  
(Last)          (First)          (Middle)

3200 SW FREEWAY, STE 3300  3. Date of Earliest Transaction (MM/DD/YYYY)

9/24/2003  
(Street)

HOUSTON, TX 77027
(City)        (State)        (Zip)  4. If Amendment, Date Original Filed (MM/DD/YYYY)

  6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person  

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned  
1.Title of Security
(Instr. 3)  2. Transaction Date (MM/DD/YYYY)  2A. Deemed Execution Date, if any (MM/DD/YYYY)  3. Transaction Code
(Instr. 8)  4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)  5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)  6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)  7. Nature of Indirect Beneficial Ownership (Instr. 4)  
Code  V  Amount  (A) or (D)  Price  
Common Stock $0001 par value    9/24/2003       M      10000    A  $5000    2388885    I    See Footnote   (1)  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)  
1. Title of Derivate Security
(Instr. 3)  2. Conversion or Exercise Price of Derivative Security  3. Transaction Date (MM/DD/YYYY)  3A. Deemed Execution Date, if any (MM/DD/YYYY)  4. Transaction Code
(Instr. 8)  5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)  6. Date Exercisable and Expiration Date  7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)  8. Price of Derivative Security
(Instr. 5)  9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)  10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)  11. Nature of Indirect Beneficial Ownership (Instr. 4)  
Code  V  (A)  (D)  Date Exercisable  Expiration Date  Title  Amount or Number of Shares  
Incentive Stock Options   (1)  $0.50   (1)  9/24/2003   (1)     C  (1)          10000   (1)    2/12/2003   (1)  2/12/2006   (1)  Common Stock   (1)  490000   (1)  
 

Stock Options 50 US-Cent und dann der Zeitraum 12/2/2003 bis 12/2/2006. (Die Amerkaner schreiben den Kalender mit dem Monat zurerst)