SILVA JERRY 4
4 · CHEM RX CORP · Filed Jan 14, 2009
Insider Transaction Report
Form 4
CHEM RX CORPCHRX.OB
SILVA JERRY
DirectorChairman and CEO10% Owner
Transactions
- Award
Warrants
2009-01-12+1,300,000→ 1,300,000 totalExercise: $1.10Exp: 2014-01-12→ Common Stock (1,300,000 underlying)
Holdings
- 4,203,820(indirect: As Life Tenant)
Common Stock, $0.0001 par value
- 166,336(indirect: By Trust)
Common Stock, $0.0001 par value
- 1,850,781
Common Stock, $0.0001 par value
Footnotes (2)
- [F1]Held by the reporting person as trustee of The Jerry Silva 2007 Annuity Trust.
- [F2]On January 12, 2009 the Issuer's Board of Directors granted to the reporting person and to Steven C. Silva, jointly, warrants to purchase an aggregate of 1,300,000 shares of the Issuer's common stock. The warrants are exercisable for a five-year period ending January 12, 2014 at an exercise price of $1.10 per share, with a cashless exercise feature. Steven C. Silva is the reporting person's son. The issuance of the warrants is subject to execution of an agreement between the Issuer and the reporting person and Steven C. Silva to provide for, among other things, certain actions to be taken by the reporting person and Steven C. Silva. Further, the reporting person and Steven C. Silva intend to allocate the warrants between them and the reporting person will file an amendment to this Form 4 upon the final allocation of such warrants.