BANYAN CORP /OR/ 5
5 · BANYAN CORP /OR/ · Filed Feb 18, 2005
Insider Transaction Report
Form 5
BANYAN CORP /OR/BANY
Gelmon Michael J
DirectorChief Executive Officer10% Owner
Transactions
- Other
Class A Common
2004-08-25−9,600,000→ 4,000,000 total - Other
Class A Common
2004-12-03+3,000,000→ 4,000,000 total - Other
Option to Buy
2004-11-01+2,000,000→ 4,500,000 totalExercise: $0.14From: 2004-11-01Exp: 2009-11-01→ Class A Common (2,000,000 underlying)
Holdings
- 4,000,000
Common Stock
Footnotes (1)
- [F1]On August 25, 2004, the reporting person returned 9,600,000 shares to the issuer for cancellation as a contribution of shares. The issuer repaid the contribution of shares in part on December 3, 2004 by issuing the reporting person 3,000,000 shares, and inends to repay the reporting person 6,600,000 shares when enough shares are available to repay the reporting person. The reporting person disclaims beneficial ownership of the shares to be repaid.