Gelmon Cory H 4
4 · BANYAN CORP /OR/ · Filed May 3, 2006
Insider Transaction Report
Form 4
BANYAN CORP /OR/BANY
Gelmon Cory H
DirectorPresident10% Owner
Transactions
- Exercise of In-Money
Common Stock, no par value
2006-02-15$0.01/sh+6,500,000$39,000→ 21,653,833 total - Award
Option to Buy
2006-02-15$0.02/sh+15,000,000$300,000→ 15,000,000 totalExercise: $0.02From: 2006-02-15Exp: 2011-02-15→ Common Stock, no par value (15,000,000 underlying) - Other
Common Stock, no par value
2006-02-15$0.01/sh+3,500,000$21,000→ 25,153,833 total
Footnotes (3)
- [F1]On February 15, 2006, the reporting person exercised 6,500,000 options for services valued at $39,000.
- [F2]On February 15, 2006, the reporting person waived his annual bonus payable with repect to the Issuer's diagnostic testing business for 2005 valued at $21,000.
- [F3]Megan Gelmon, Miles Gelmon, and Zachary Gelmon, minor children of the reporting person, beneficially own 7,500 shares each and Suzanne Gelmon, the wife of the reporting person, beneficially owns 7,500 shares, which are included in this figure.