FIRST MONTAUK FINANCIAL CORP 4

4 · FIRST MONTAUK FINANCIAL CORP · Filed Feb 10, 2005

Form 4

Period: 2005-02-08

Director10% Owner

Transactions

Purchase
Incentive Stock Options
2005-02-08$0.83/sh+200,000$166,000→ 200,000 total
Exercise: $0.83From: 2005-02-08Exp: 2008-02-07→ Common Stock (200,000 underlying)
Purchase
Series B Convertible Redeemable Preferred Stock
2005-02-08$0.51/sh+197,824$100,000→ 197,824 total
Exercise: $0.51From: 2005-02-08→ Common Stock (1,978,240 underlying)
Expiration (Short)
Incentive Stock Options
2005-02-08$2.00/sh−200,000$400,000→ 200,000 total
Exercise: $2.00From: 2001-01-05Exp: 2005-02-08→ Common Stock (200,000 underlying)
Expiration (Short)
Incentive Stock Options
2005-02-08$0.83/sh−125,000$103,750→ 125,000 total
Exercise: $0.83From: 2000-03-27Exp: 2005-02-08→ Common Stock (125,000 underlying)

Footnotes (4)

[F1]In connection with a separation from employment agreement, Mr. Kurinsky was granted 197,824 shares of Series B Convertible Redeemable Preferred Stock valued at $1,000,000.
[F2]In connection with a consulting agreement, Mr. Kurinsky was granted 200,000 incentive stock options at an exercise price of $.83 per share for a period of three years.
[F3]In connection with a separation from employment agreement, Mr. Kurinsky agreed to return to the Company for cancellation 325,000 incentive stock options that were previously awarded to him by the Company.
[F4]No Expiration Date

Documents

1 file