Polin Kenneth 4
4 · Surge Global Energy, Inc. · Filed May 13, 2010
Insider Transaction Report
Form 4
Polin Kenneth
Director
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2010-02-19$0.04/sh−400,000$17,040→ 400,000 totalExercise: $0.10From: 2008-04-18Exp: 2013-03-17→ Common Stock (400,000 underlying)
Footnotes (2)
- [F1]By agreement with the Issuer, these options were cancelled on February 19, 2010.
- [F2]Table II reflects Mr. Polin's option ownership as of February 19, 2010 and does not reflect the cancellation of additional options subsequent to February 19, 2010 as the Reporting Person is no longer subject to the filing requirements of Form 4. Nevertheless, the Reporting Person has an agreement over a period of six months to terminate options to purchase up to an additional 400,000 shares in consideration of $.0426 per share, 66,667 shares of which were cancelled in April 2010.