Lorber Greg 4
4 · Industry Concept Holdings Inc · Filed Mar 18, 2010
Insider Transaction Report
Form 4
Lorber Greg
DirectorCEO and President10% Owner
Transactions
- Disposition to Issuer
Common Stock
2010-03-16$1.00/sh−15,080,000$15,080,000→ 1,600,000 total - Award
Common Stock
2010-03-16$1.00/sh+10,530,000$10,530,000→ 12,130,000 total(indirect: By Trust)
Footnotes (2)
- [F1]Returned to the Company as a result of rescission of prior acquisition of Industry Concepts, LLC.
- [F2]8,530,000 shares to be held in escrow by the Company subject to "earn-out" provisions wherein 2,843,333 shares to be released annually upon annual audit showing net income of $182,500 in 2010, $270,000 in 2011, and $557,500 in 2012.