4//SEC Filing
Global Employment Holdings, Inc. 4
Accession 0001005477-08-000067
CIK 0001348155operating
Filed
Jan 1, 7:00 PM ET
Accepted
Jan 2, 7:35 PM ET
Size
27.2 KB
Accession
0001005477-08-000067
Insider Transaction Report
Form 4
List Steven
DirectorChief Operating Officer
Transactions
- Tax Payment
Common Stock
2007-12-28$2.45/sh−28,329$69,406→ 393,219 total - Disposition to Issuer
Common Stock Warrants (Right to Buy)
2007-12-28−3,410→ 0 totalExercise: $4.40From: 2006-09-29Exp: 2011-03-30→ Common Stock (3,410 underlying) - Tax Payment
Common Stock
2007-12-28$2.45/sh−2,285$5,598→ 351,548 total - Exercise/Conversion
Common Stock Warrants (Right to Buy)
2007-12-28−70,000→ 0 totalExercise: $0.99From: 2007-12-28Exp: 2007-12-29→ Common Stock (70,000 underlying) - Exercise/Conversion
Common Stock Warrants (Right to Buy)
2007-12-28−3,410→ 0 totalExercise: $1.64From: 2007-12-28Exp: 2007-12-29→ Common Stock (3,410 underlying) - Award
Common Stock Warrants (Right to Buy)
2007-12-28+70,000→ 70,000 totalExercise: $0.99From: 2007-12-28Exp: 2007-12-29→ Common Stock (70,000 underlying) - Exercise/Conversion
Common Stock
2007-12-28$0.99/sh+70,000$69,405→ 421,548 total - Award
Common Stock Warrants (Right to Buy)
2007-12-28+3,410→ 3,410 totalExercise: $1.64From: 2007-12-28Exp: 2007-12-29→ Common Stock (3,410 underlying) - Exercise/Conversion
Common Stock
2007-12-28$1.64/sh+3,410$5,592→ 353,833 total - Disposition to Issuer
Common Stock Warrants (Right to Buy)
2007-12-28−70,000→ 0 totalExercise: $1.80From: 2007-09-30Exp: 2014-09-30→ Common Stock (70,000 underlying)
Holdings
- 12,323
Options (Right to Buy)
Exercise: $3.00From: 2007-02-14Exp: 2017-02-13→ Common Stock (12,323 underlying) - 68,100
Options (Right to Buy)
Exercise: $3.00From: 2008-08-16Exp: 2017-08-15→ Common Stock (68,100 underlying) - 100,000
Options (Right to Buy)
Exercise: $3.00From: 2008-03-14Exp: 2017-03-13→ Common Stock (100,000 underlying)
Footnotes (6)
- [F1]Includes 180,423 shares of common stock underlying options to purchase common stock, whether or not presently exercisable.
- [F2]Acquired on this date by the reporting person, but first exercisable or convertible, as applicable, under its terms on March 31, 2006.
- [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]Pursuant to the terms of a Warrant Exercise and Cancellation Agreement dated December 26, 2007 between the issuer and the reporting person, the issuer for no consideration, repriced the warrants by lowering the exercise price, resulting in a deemed disposition of warrants to purchase 70,000 shares of common stock at an exercise price of $1.80 per share and a deemed acquisition of warrants to purchase 70,000 shares of common stock at an exercise price of $0.9915 per share.
- [F5]Options vest in three equal annual installments, beginning on this date.
- [F6]Pursuant to the terms of a Warrant Exercise and Cancellation Agreement dated December 26, 2007 between the issuer and the reporting person, the issuer for no consideration, repriced the warrants by lowering the exercise price, resulting in a deemed disposition of warrants to purchase 3,410 shares of common stock at an exercise price of $4.40 per share and a deemed acquisition of warrants to purchase 3,410 shares of common stock at an exercise price of $1.64 per share.
Documents
Issuer
Global Employment Holdings, Inc.
CIK 0001348155
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001348155
Filing Metadata
- Form type
- 4
- Filed
- Jan 1, 7:00 PM ET
- Accepted
- Jan 2, 7:35 PM ET
- Size
- 27.2 KB