Global Employment Holdings, Inc. 4
4 · Global Employment Holdings, Inc. · Filed Mar 22, 2007
Insider Transaction Report
Form 4
List Steven
DirectorChief Operating Officer
Transactions
- Award
Option (Right to Buy)
2007-03-14+100,000→ 100,000 totalExercise: $5.25From: 2008-03-14Exp: 2017-03-13→ Common Stock (100,000 underlying)
Holdings
- 12,323
Option (Right to Buy)
Exercise: $5.00From: 2007-02-14Exp: 2017-02-13→ Common Stock (12,323 underlying) - 2,400
Common Stock Warrants (Right to Buy)
Exercise: $6.25From: 2006-09-29Exp: 2011-03-30→ Common Stock (2,400 underlying) Senior Secured Convertible Notes
Exercise: $6.25From: 2006-09-29Exp: 2011-03-31→ Common Stock (24,000 underlying)- 138,723
Common Stock
Footnotes (6)
- [F1]Includes: (1) 2,400 shares of common stock underlying warrants to purchase common stock, whether or not presently exercisable, (2) 24,000 shares of common stock issuable upon conversion of convertible notes, whether or not presently convertible, and (3) 112,323 shares of common stock underlying options to purchase common stock, whether or not presently exercisable.
- [F2]Maturity Date.
- [F3]11,375 of these options vested on this date and 948 of these options vested on March 13, 2007 pursuant to an accelerated vesting schedule approved by the Issuer's Board of Directors in accordance with Rule 16b-3(d) promulgated under the Securities Exchange Act of 1934, as amended.
- [F4]Option was granted for no consideration.
- [F5]Option vests in three equal annual installments, beginning on this date.
- [F6]As reported on a previously filed Form 4, the Reporting Person received 34,125 options on 2/14/2007 in his capacity as a non-employee director of the Issuer. The Reporting Person accepted a position as an executive officer of the Issuer on 3/14/2007. In connection therewith, the Issuer awarded the Reporting Person 100,000 options (reported elsewhere on this Form 4) and cancelled 21,802 of the previously granted options for no consideration.