SAUNDERS ROBERT S 4
4 · HIGH SPEED ACCESS CORP · Filed Aug 18, 2003
Insider Transaction Report
Form 4
SAUNDERS ROBERT S
Director
Transactions
- Exercise/Conversion
Stock Appreciation Right
2003-08-13−23,250→ 0 totalFrom: 2003-04-07→ Common stock (23,250 underlying) - Disposition to Issuer
Common stock
2003-08-13−23,250→ 108,163 total - Exercise/Conversion
Common stock
2003-08-13+23,250→ 0 total
Holdings
- 91,834(indirect: By Profit Sharing Plan)
Common stock
- 115,526(indirect: By LLC)
Common stock
Footnotes (2)
- [F1]The Right was granted to the Reporting Person in exchange for outstanding stock 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 $16,972.50 representing the market value of the 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.