JENSON TRAVIS T 4
4 · RxBids · Filed Jan 27, 2011
Insider Transaction Report
Form 4
RxBidsRXBD
JENSON TRAVIS T
10% Owner
Transactions
- Sale
Common Stock
2011-01-26$0.15/sh−173,333$26,849→ 0 total - Expiration (Short)
Option
2011-01-24$0.00/sh−1,900,000$190→ 0 total(indirect: Jenson Services, Inc.)Exercise: $0.05From: 2010-08-26Exp: 2011-08-25→ Common Stock (1,900,000 underlying)
Footnotes (3)
- [F1]Mr. Jenson received $16,850 on January 26, 2011, and the remaining balance of $10,000 is due by March 12, 2011.
- [F2]Jenson Services cancelled the option on January 24, 2011, in consideration for $10, and effective January 26, 2011, will be issued 1% of the total outstanding shares after a one for 12 reverse split, which is anticipated to be between 420,000 and 440,000 post split shares, in consideration of a debt conversion of $12,700 in a transaction that was exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended, pursuant to Securities and Exchange Commission Rule 16b-3(d)(1).
- [F3]This option was held by Jenson Services, Inc., a Utah corporation, of which Mr. Jenson is the President and a director.