SIMMONDS JOHN 4
4 · WIRELESS AGE COMMUNICATIONS INC · Filed Feb 2, 2005
Insider Transaction Report
Form 4
SIMMONDS JOHN
DirectorChief Executive Officer
Transactions
- Purchase
Common Stock
2005-01-31$0.81/sh+133,854$108,422→ 1,233,854 total - Exercise Out-of-Money
Put Option
2005-01-31+133,854→ 50,000 totalExercise: $0.81From: 2004-11-30Exp: 2005-01-31→ Common Stock (133,854 underlying)
Footnotes (2)
- [F1]On November 30, 2004 John Simmonds agreed to grant Quasar Paging Ltd. a Put Option. Upon exercise of the Put Option, Quasar Paging required John Simmonds to acquire from Quasar 133,854 shares of Wireless Age Communications, Inc. common stock at a price of CAD $1.00 (approximately US $.81) per share on January 31, 2005.
- [F2]Includes 50,000 warrants which became exercisable October 15, 2003 and remain exercisable for the purchase of Common Stock until expiration on October 15, 2006, at an exercise price of $2.00 per share.