MR3 SYSTEMS INC 3
3 · MR3 SYSTEMS INC · Filed Aug 18, 2003
Insider Transaction Report
Form 3
MR3 SYSTEMS INCMRMR
DEVOE DAVID B
Vice President
Holdings
Warrant*
Exercise: $0.23From: 2003-05-18Exp: 2008-05-18→ Common Stock (250,000 underlying)Warrant
Exercise: $0.10From: 2002-04-30Exp: 2007-04-30→ Common Stock (100,000 underlying)
Footnotes (3)
- [F1]Warrant vests monthly over a 3-year period starting 5/18/03.
- [F2]Warrant is eligible for conversion upon the Company selling its first ounce of gold and the warrantholder being employed at such time. The warrant is exercisable at the market price at the time when this event occurs and vests monthly over a 3-year period commencing on such date.
- [F3]Warrant is eligible for conversion upon the Company announcing its first profitable quarter and the warrantholder being employed at such time. The warrant is exercisable at the market price at the time when this event occurs and vests monthly over a 3-year period commencing on such date.