ONLINETRADINGINC COM CORP 3
3 · ONLINETRADINGINC COM CORP · Filed Jan 28, 2000
Insider Transaction Report
Form 3
No transactions or holdings reported in this filing.
Footnotes (2)
- [1]Pursuant to the terms of that certain Online Stock Option Agreement (the "Stock Option Agreement") dated January 19, 2000 between the reporting person and the Issuer and subject to certain conditions, the stock option may be exercised in whole or in part prior to its termination by the reporting person after the occurrence of (i) a fraud or wilful or intentional breach or failure to perform by the Issuer under that certain Agreement and Plan of Merger and Reorganization (the "Merger Agreement") dated January 19, 2000 among the Issuer, the reporting person and others or (ii) a Takeover Proposal or Trigger Event (as such terms are defined in the Merger Agreement) occurring with respect to the Issuer, any of which then results in a termination of the Merger Agreement. As of the date hereof, the reporting person disclaims any beneficial ownership of the shares of Issuer's common stock which are purchasable by the reporting person upon the exercise of the stock option, as the stock option is exercisable only in the limited circumstances set forth in the Stock Option Agreement , none of which has occurred as of the date hereof.
- [2]The stock option expires upon the earlier of the Effective Time (as defined in the Merger Agreement), the termination of the Merger Agreement (other than a termination triggering the reporting person's right to exercise the stock option) or 180 days following the termination of the Merger Agreement triggering the reporting person's right to exercise the stock option. Omega Research, Inc.