SONA MOBILE HOLDINGS CORP 4

4 · SONA MOBILE HOLDINGS CORP · Filed Oct 4, 2006

Form 4

Period: 2006-10-02

DirectorChairman, President & CEO

Transactions

Award
Options to purchase common stock
2006-10-02+3,000,000→ 3,000,000 total
Exercise: $0.63From: 2007-10-02Exp: 2016-10-02→ Common Stock (3,000,000 underlying)

Holdings

Common Stock
2,963,245
Options to purchase common stock
Exercise: $1.60Exp: 2010-10-13→ Common Stock (250,000 underlying)
250,000
Options to purchase common stock
Exercise: $0.70From: 2007-07-13Exp: 2016-07-13→ Common Stock (500,000 underlying)
500,000
Warrants to purchase common stock
Exercise: $0.83From: 2006-07-07Exp: 2011-07-07→ Common Stock (41,666 underlying)
41,666

Footnotes (5)

[F1]The stock option is exercisable as follows: (a) 166,666 shares are currently exercisable; and (b) an additional 83,333 shares will be exercisable on or after 09/30/07.
[F2]These options were granted to the reporting person on July 13, 2006 and are exercisable as follows: (i) on or after July 13, 2007 to purchase 166,667 shares of common stock; (ii) on or after July 13, 2008 to purchase an additional 166,667 shares of common stock; and (iii) on or after July 13, 2009 to purchase an additional 166,666 shares of common stock.
[F3]Not applicable.
[F4]Subject to adjustment in the event the issuer does not meet certain revenue goals.
[F5]These options were granted to the reporting person on October 2, 2006 and are exercisable as follows: (i) on or after October 2, 2007 to purchase 1,000,000 shares of common stock; (ii) on or after October 2, 2008 to purchase an additional 1,000,000 shares of common stock; and (iii) on or after October 2, 2009 to purchase an additional 1,000,000 shares of common stock.

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