SONA MOBILE HOLDINGS CORP 4
4 · SONA MOBILE HOLDINGS CORP · Filed Jul 17, 2006
Insider Transaction Report
Form 4
Kreloff Shawn
DirectorChairman, President & CEO
Transactions
- Award
Options to purchase common stock
2006-07-13+2,380,250→ 2,380,250 totalExercise: $0.70From: 2006-07-13Exp: 2016-07-13→ Common Stock (2,380,250 underlying)
Holdings
- 250,000
Options to purchase common stock
Exercise: $1.60Exp: 2010-10-13→ Common Stock (250,000 underlying) - 2,879,911
Common Stock
Footnotes (4)
- [F1]Issued upon the automatic conversion on 11/17/2005 of the Issuer's Series A Convertible Preferred Stock into shares of the Issuer?s Common Stock at the ratio of 48.11159 shares of Common Stock for each share of Series A Convertible Preferred Stock held, as provided in the Certificate of Designation, as amended, for the Series A Preferred Stock.
- [F2]The stock option is exercisable as follows: (a) 83,333 shares are currently exercisable; (b) an additional 83,333 shares will be exercisable on or after 09/30/06; and (c) an additional 83,334 shares will be exercisable on or after 09/30/2007.
- [F3]These options were granted to the reporting person on July 13, 2006 and are exercisable as follows: (i) immediately to purchase 793,417 shares of common stock; (ii) on or after July 13, 2007 to purchase an additional 793,417 shares of common stock; and (iii) on or after July 13, 2008 to purchase an additional 793,416 shares of common stock.
- [F4]Not applicable.