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PRECISION AUTO CARE INC 5

Accession 0001038541-05-000011

CIK 0001038541operating

View on SEC.gov Company Profile

Filed

Jul 21, 8:00 PM ET

Accepted

Jul 22, 9:45 AM ET

Size

17.0 KB

Accession

0001038541-05-000011

Insider Transaction Report

Form 5

Period: 2005-06-30

PRECISION AUTO CARE INCPACI

Director

Transactions

Award
Stock Option
2000-04-12+2,500→ 22,500 total
Exp: 2010-04-12→ Common Stock (2,500 underlying)
Award
Stock Option
2000-08-04$0.22/sh+50,000$10,950→ 72,500 total
Exercise: $0.22From: 2000-08-04Exp: 2005-08-04→ Common Stock (50,000 underlying)
Award
Stock Option
1998-12-31$3.63/sh+10,000$36,250→ 20,000 total
Exercise: $3.63Exp: 2008-12-31→ Common Stock (10,000 underlying)
Purchase
Common Stock
2003-06-30+0→ 38,338 total
Other
Warrant
2003-11-11$0.44/sh+36,380$16,007→ 108,880 total
Exercise: $0.44Exp: 2008-06-30→ Common Stock (36,380 underlying)
Award
Stock Option
1997-02-19$10.00/sh+10,000$100,000→ 10,000 total
Exercise: $10.00Exp: 2007-02-19→ Common Stock (10,000 underlying)

Footnotes (8)

[F1]No transactions ocurred fiscal year of June 30, 2004, to June 30, 2005. Reporting only the Amount of Securities owned at the end of the fiscal year.
[F2]Issued pursuant to an agreement between Board LLC and PACI dated June 16, 2003, whereby PACI agreed to issue to Board LLC warrants exercisable at 0.44 cents per share. Board LLC assigned a pro rata share of the warrants to each Board LLC member.
[F3]Warrant may be exercised in part but not for less than 10,000 units at a time. A "unit" shall consist initially of one share of Common Stock, but shall be subject to change from time to time.
[F4]Issued in consideration of contribution in obtaining loan commitment from Precision Funding LLC.
[F5]100% of the fair market value of such share of common stock on the date of the grant.
[F6]On or after July 31, 2000 25% vested On or after October 31, 2000 50% vested On or after January 31, 2000 75% vested On or after April 12, 2001 100% vested
[F7]33 1/3% exercisable 12/31/1999 66 2/3% exercisable 12/31/2000 100% exercisable 12/31/2001
[F8]5,000 exercisable 2/19/1997 and 5,000 exercisable 11/6/1997

Documents

1 file

5
primary_doc.xmlPrimary
PRIMARY DOCUMENT

Issuer

PRECISION AUTO CARE INC

CIK 0001038541

Entity typeoperating

IncorporatedVA

Related Parties

1

filerCIK 0001038541

Filing Metadata

Form type: 5
Filed: Jul 21, 8:00 PM ET
Accepted: Jul 22, 9:45 AM ET
Size: 17.0 KB

View on SEC.gov