GROSS MURRAY H 4
4 · US HOME SYSTEMS INC · Filed Dec 27, 2010
Insider Transaction Report
Form 4
GROSS MURRAY H
DirectorChairman & CEO
Transactions
- Exercise/Conversion
Employee Stock Option (right to buy)
2010-12-22+10,000→ 50,000 totalExercise: $1.85From: 2008-11-11Exp: 2018-11-11→ Common Stock (10,000 underlying) - Exercise/Conversion
Common Stock
2010-12-22$1.85/sh+10,000$18,500→ 549,283 total(indirect: See Footnote.)
Footnotes (2)
- [F1]After all reported transaction, Mr. Gross owns 549,283 shares of common stock which includes 283,793 shares held by About Face, Ltd., 200,390 shares held by BLG Partners, 15,000 owned directly by Mr. Gross, 10,000 shares held in this IRA account and includes presently execusable options to purchase 40,000 shares. About Face Ltd. is a family limited partnership, the partners of which are Mr. Gross and spouse, each of whom own a 49.5 interest in the partnership. GP About Face Ltd is the general partner and holds a 1% interest in the partnership. BLG Partners is a general partnership of which Mr. Gross and his spouse are partners. Mr. Gross has sole investment and voting power over the shares owned by both partnerships.
- [F2]Includes vested options to purchase 40,000 shares at $1.85 per share until 11/11/2018 when the options expire. Also includes unvested options to purchase 10,000 shares at $2.51 per share. The options vest 33 1/3% on March 15, 2011 and 33 1/3% on each March 15 thereafter until 3/15/2013 when options are fully vested. The options expire on March 15, 2020.