PATCH INTERNATIONAL INC/CN 4
4 · PATCH INTERNATIONAL INC/CN · Filed Sep 24, 2007
Insider Transaction Report
Form 4
VANDALE MICHAEL S
DirectorPresident, CEO
Transactions
- Sale
Common Stock
2007-05-03−250,000→ 2,075,000 total - Other
Stock Options (Right to Buy)
2007-05-17−750,000→ 166,666 totalExercise: $1.20From: 2007-12-15Exp: 2011-12-15→ Common Stock (166,666 underlying)
Holdings
- 100,000
Common Stock
Footnotes (4)
- [F1]Exchangeable Shares per Share Exchange Agreement dated 12/15/06 between Damascus and Patch Energy, Inc.
- [F2]$10.00/250,000 shares.
- [F3]Mr. Vandale voluntarily cancelled 750,000 stock options without any consideration. The remaining stock options were changed to reflect vesting over a 3 year period.
- [F4]Options were issued as compensation.