5//SEC Filing
BANYAN CORP /OR/ 5
Accession 0001005477-08-000315
CIK 0001086473operating
Filed
Jan 17, 7:00 PM ET
Accepted
Jan 18, 12:24 PM ET
Size
7.8 KB
Accession
0001005477-08-000315
Insider Transaction Report
Form 5
BANYAN CORP /OR/BANY
Gelmon Cory H
DirectorPresident10% Owner
Transactions
- Award
Option to Buy
2006-02-15+150,000→ 150,000 totalExercise: $0.00From: 2006-02-15Exp: 2011-02-15→ Common Stock, no par value (150,000 underlying)
Holdings
- 8,651,872
Common Stock, no par value
Footnotes (5)
- [F1]Share amounts reflect a one for one hundred reverse stock split effective September 5, 2007.
- [F2]All shares are pledged as security for a loan except for 639 shares (see footnote 5).
- [F3]Includes 150,000 immediately exercisable options. All options listed were exercisable as of December 31, 2007.
- [F4]On June 28, 2007, the reporting person was issued 8,250,000 shares of common stock in consideration for services rendered valued at $247,500 ($.0003 per share), including the waiver of his annual bonus payable with respect to the issuer's diagnostic testing business segment for 2006, and personally signing several guaranty and pledge agreements since 2004 including a pledge of all of the shares of the issuer owned of record by the reporting person as security for a loan. On July 10, 2007, the reporting person returned the 8,250,000 shares to the issuer for cancellation to reduce the number of shares issued and outstanding and to enable to the issuer to issue shares to certain investors upon conversion of their convertible notes. The issuer reissued the 8,250,000 shares to the reporting person on November 1, 2007.
- [F5]Includes 639 shares owned by members of the reporting person's immediate family.
Documents
Issuer
BANYAN CORP /OR/
CIK 0001086473
Entity typeoperating
IncorporatedOR
Related Parties
1- filerCIK 0001086473
Filing Metadata
- Form type
- 5
- Filed
- Jan 17, 7:00 PM ET
- Accepted
- Jan 18, 12:24 PM ET
- Size
- 7.8 KB