HUNDLEY JOHN G 4
4 · HIGH SPEED ACCESS CORP · Filed Aug 14, 2003
Insider Transaction Report
Form 4
HUNDLEY JOHN G
Secretary
Transactions
- Disposition to Issuer
Common Stock
2003-08-12−96,500→ 0 total - Exercise/Conversion
Common Stock
2003-08-12+96,500→ 0 total - Sale
Common Stock
2003-08-12$0.18/sh−1,230$221→ 0 total(indirect: By Spouse) - Exercise/Conversion
Stock Appreciation Right
2003-08-12−96,500→ 0 totalFrom: 2003-04-17→ Common Stock (96,500 underlying) - Sale
Common Stock
2003-08-12$0.18/sh−255$46→ 0 total(indirect: By self for son under UTMA) - Sale
Common Stock
2003-08-12$0.18/sh−3,380$608→ 60,000 total
Footnotes (2)
- [F1]The Stock Appreciation Right was granted to the Reporting Person in exchange for all outstanding options to purchase the Issuer's common stock held by the Reporting Person. Upon exercise of the Right, the Reporting Person received a cash payment aggregating $10,640 representing the market value of each share of common stock on the trading day immediately preceeding the date the Reporting Person elected to receive such payment, plus the value received per share of common stock by shareholders as a liquidating distribution, if any, prior thereto, less the exercise price of the related previously cancelled option.
- [F2]The right must be exercised not later than the earlier of December 5, 2003 or the date the Issuer elects to close its stock transfer books.