MOBLEY PAUL W 4
4 · NOBLE ROMANS INC · Filed Jan 27, 2011
Insider Transaction Report
Form 4
NOBLE ROMANS INCnrom
MOBLEY PAUL W
DirectorChairman and CEO10% Owner
Transactions
- Disposition to Issuer
Warrant
2011-01-25$1.05/sh−1$1→ 0 totalExercise: $0.93From: 2004-01-07Exp: 2011-06-30→ Common Stock (600,000 underlying) - Award
Stock Option
2011-01-25$1.05/sh+1$1→ 1,000,000 totalExercise: $1.05From: 2011-01-25Exp: 2021-01-25→ Common Stock (1,000,000 underlying) - Disposition to Issuer
Warrant
2011-01-25$1.05/sh−1$1→ 0 totalExercise: $0.93From: 2005-01-24Exp: 2011-01-24→ Common Stock (300,000 underlying)
Footnotes (1)
- [F1]The terms of the stock option grant are the portion of the grant representing the computed value of the option equal to the salary voluntarily surrendered vests immediately with the remaining options vesting the earlier of (i) 1/3 in each of years one, two and three or (ii) 25% when the stock price reaches $2.00 per share, another 25% when the stock price reaches $3.00 per share and the balance when the stock price reaches $4.00 per share. Since the computed value of the option was less than salary surrendered, the option all vested immediately.