INNOTRAC CORP 4
4 · INNOTRAC CORP · Filed Aug 19, 2003
Insider Transaction Report
Form 4
INNOTRAC CORPINOC
DORFMAN SCOTT D
DirectorCEO, President, and Chairman
Transactions
- Exercise/Conversion
Common Stock
2003-08-18$3.13/sh+20,000$62,500→ 5,343,429 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2003-08-18−20,000→ 25,000 totalExercise: $3.13From: 2002-12-22Exp: 2010-12-22→ Common Stock (20,000 underlying) - Sale
Common Stock
2003-08-18$6.45/sh−20,000$129,000→ 5,323,429 total
Footnotes (2)
- [F1]The reporting person also could be deemed to have indirect beneficial ownership of the following shares: 415 shares held by his wife individually; 64,284 shares held by his wife as custodian for their three oldest children; 83,334 shares held by his brother as trustee for the benefit of his three oldest children; 12,000 shares held by his two oldest children; and 18,000 shares held by the reporting person as custodian for his three youngest children.
- [F2]50% of the total option for 50,000 shares vested on December 22, 2002 and 25% vests on each of December 22, 2003 and 2004.