STRICKLAND DONALD 4

4 · IPIX CORP · Filed Aug 4, 2004

Form 4

Period: 2004-08-02

DirectorPresident & Chief Exec Officer

Transactions

Sale
Common Stock
2004-08-02$9.20/sh−14,572$134,062→ 117,974 total
Sale
Common Stock
2004-08-02$9.14/sh−5,000$45,680→ 46,690 total
Exercise/Conversion
Stock Option
2004-08-02−30,034→ 44,966 total
Exercise: $2.80Exp: 2011-06-20→ Common Stock (30,034 underlying)
Sale
Common Stock
2004-08-02$9.05/sh−6,250$56,563→ 111,690 total
Sale
Common Stock
2004-08-02$9.05/sh−34$308→ 117,940 total
Sale
Common Stock
2004-08-02$9.12/sh−10,000$91,230→ 101,690 total
Exercise/Conversion
Common Stock
2004-08-02$2.80/sh+30,034$84,095→ 51,296 total
Exercise/Conversion
Common Stock
2004-08-02$1.07/sh+6,250$6,688→ 57,546 total
Exercise/Conversion
Common Stock
2004-08-02$2.04/sh+75,000$153,000→ 132,546 total
Exercise/Conversion
Stock Option
2004-08-02−6,250→ 10,417 total
Exercise: $1.07Exp: 2013-01-03→ Common Stock (6,250 underlying)
Exercise/Conversion
Stock Option
2004-08-02−75,000→ 0 total
Exercise: $2.04Exp: 2011-12-11→ Common Stock (75,000 underlying)

Footnotes (4)

[F1]The amount of shares beneficially owned by Mr. Strickland prior to the exercise of options disclosed on this Form 4 was 21,262 and was incorrectly stated on Mr. Strickland's Form 4 filed on April 22, 2004 as 21,410.
[F2]25% of this option vested immediately; 25% vested on 01/01/02; 25% vested on 07/01/02 and the remaining 25% vests 1/12 monthly thereafter.
[F3]These options vest 50% one year from the date of grant and the reamining 50% vest 1/12 each month thereafter for the next year.
[F4]This option is immediately exercisable.

Documents

1 file