Reed J David 4
4 · Pet DRx CORP · Filed Jul 6, 2010
Insider Transaction Report
Form 4
Pet DRx CORPVETS
Reed J David
Director
Transactions
- Sale
Common Stock
2010-07-01$0.34/sh−20,284$6,799→ 0 total - Exercise/Conversion
Common Stock
2010-07-01+20,284→ 20,284 total - Exercise/Conversion
Common Stock
2010-07-01+40,483→ 40,483 total - Sale
Common Stock
2010-07-01$0.34/sh−508,860$170,570→ 0 total - Sale
Common Stock
2010-07-01$0.34/sh−40,483$13,570→ 0 total - Exercise/Conversion
Stock Option (right to buy)
2010-07-01−150,000→ 0 totalExercise: $0.14Exp: 2019-03-18→ Common Stock (20,284 underlying) - Exercise/Conversion
Warrant (right to buy)
2010-07-01−57,692→ 0 totalExercise: $0.10From: 2009-07-28Exp: 2016-01-21→ Common Stock (40,483 underlying)
Footnotes (4)
- [F1]The per share purchase price of the common stock of Pet DRx Corproation of $0.33523 (the "Per Share Purchase Price") was determined in connection with that certain Stock Purchase Agreement, dated as of June 2, 2010, by and among Snow Merger Acquisition, Inc., VCA Antech, Inc., Harry L. Zimmerman, an individual in his capacity as the sellers' representative, and those parties listed as a seller on the signature pages thereto.
- [F2]The stock option exercise price shown above equals the difference between (i) the Per Share Purchase Price and (ii) the per-share exercise price pursuant to the terms of the stock option, which is $0.20.
- [F3]Reporting Person elected to exercise the warrant in a cashless exercise pursuant to Section 18 of the warrant. Using the Per Share Purchase Price as the "market price" of the common stock underlying the warrant, Reporting Person paid no cash consideration and received 40,483 shares of common stock.
- [F4]33.33% of the options vested immediately upon the date of grant, and 2.78% vest ratably each month thereafter.