Omagine, Inc. 4
4 · Omagine, Inc. · Filed Jan 20, 2016
Insider Transaction Report
Form 4
Omagine, Inc.OMAG
SMITH JACK A
Director
Transactions
- Award
Common Stock
2016-01-18+38,462→ 63,462 total
Footnotes (1)
- [F1]The Reporting Person was issued 38,462 restricted Shares of the Company's Common Stock on January 18, 2016 pursuant to the Issuer's compensation policy for all non-employee independent directors serving on its Board of Directors which provides for $50,000 of the $100,000 annual retainer payable to the Reporting Person in restricted Common Stock valued at the last sale price of the Company's Common Stock on the last trading day of the prior fiscal year. The Shares were valued at $1.30, the last sale price of the Company's publicly traded Common Stock on December 31, 2015.