MASTERS CHARLES G 4
4 · DEER VALLEY CORP · Filed Apr 1, 2010
Insider Transaction Report
Form 4
DEER VALLEY CORPDVLY
MASTERS CHARLES G
DirectorPRESIDENT & CEO
Transactions
- Exercise/Conversion
COMMON STOCK
2008-05-09+80,000→ 14,498 total - Exercise/Conversion
COMMON STOCK
2008-05-09+33,334→ 36,090 total(indirect: By Spouse) - Exercise/Conversion
PREFERRED STOCK
2008-05-09−6,000→ 241,444 total→ COMMON STOCK (80,000 underlying) - Disposition to Issuer
STOCK OPTION
2010-02-26−100,000→ 161,444 total→ COMMON STOCK (100,000 underlying) - Exercise/Conversion
PREFERRED STOCK
2008-05-09−2,500→ 274,778 total(indirect: SEE FOOTNOTE)→ COMMON STOCK (33,334 underlying)
Footnotes (4)
- [F1]The Reporting Person converted 6,000 shares of Series A Convertible Preferred Stock into 80,000 shares of common stock. Each share of Series A Convertible Stock converts into 13.34 shares of common stock. As of the date of filing this Form 4, the Reporting Person directly owned 14,498 shares of Common Stock.
- [F2]The Reporting Person's spouse converted 2,500 shares of Series A Convertible Preferred Stock into 33,334 shares of common stock. Each share of Series A Convertible Stock converts into 13.34 shares of common stock. As of the date of filing this Form 4, the Reporting Person beneficially owns, by his spouse, 36,090 shares of Common Stock.
- [F3]The Issuer redeemed from the Reporting Person (a) options exercisable for 50,000 shares of common stock and an exercise price of $1.14, and (b) options exercisable for 50,000 shares of common stock and an exercise price of $1.11.
- [F4]Consists of: (a) 33,334 common shares issuable upon exercise of the Company's Series A Common Stock Purchase Warrant owned by Charles Masters' spouse, (b) 2,024 common shares issuable upon exercise of another of the Company's Series A Common Stock Purchase Warrants owned by Charles Masters' spouse, (c) 16,667 common shares issuable upon exercise of the Company's Series B Common Stock Purchase Warrant owned by Charles Masters' spouse, and (d) 109,419 common shares issuable upon exercise of the Company's Series BD Common Stock Purchase Warrants directly owned by Charles G. Masters.