MARX RANDALL P 4
4 · ARC WIRELESS SOLUTIONS INC · Filed Jan 3, 2007
Insider Transaction Report
Form 4
Transactions
- Gift
Common Stock
2006-12-31$0.10/sh−200,000$20,000→ 8,289,767 total
Holdings
- 28,493(indirect: By LLC)
Common Stock
- 1,000,000
Option: Right to Buy
Exercise: $0.18From: 2003-12-31Exp: 2007-01-02→ Common Stock (500,000 underlying) - 500,000
Option: Right to Buy
Exercise: $0.18From: 2003-01-02Exp: 2007-01-02→ Common Stock (500,000 underlying) - 40,000(indirect: By Spouse)
Common Stock
Footnotes (2)
- [F1]Represents shares transferred to the Harold and Theora Marx Living Trust, of which Mr. Marx's father is trustee. Mr. Marx disclaims beneficial ownership of the shares in this trust.
- [F2]These shares are held by a limited liability company (the "LLC"). The Reporting Person owns 50 percent of the outstanding equity interests in the LLC and is the manager of the LLC. The Reporting Person and one other person are the only members of the LLC. Securities held by the LLC may not be disposed of without the consent of both members. Based on the Reporting Person's ownership in the LLC, the number of shares shown in the table represents 50 percent of the shares owned by the LLC.