PRECISION AUTO CARE INC 5

5 · PRECISION AUTO CARE INC · Filed Jul 22, 2005

Form 5

Period: 2005-06-30

Director

Transactions

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)
Purchase
Common Stock
2005-01-25$0.22/sh+20,000$4,380→ 77,026 total
Other
Warrant
2003-11-11$0.44/sh+36,380$16,007→ 48,880 total
Exercise: $0.44Exp: 2008-06-30→ Common Stock (36,380 underlying)
Purchase
Common Stock
2003-06-30+0→ 57,026 total
Award
Stock Option
2000-08-04+2,500→ 12,500 total
From: 2000-08-04Exp: 2005-08-04→ Common Stock (2,500 underlying)

Footnotes (6)

[F1]Exercised 20,000 shares pursuant to Stock Option Agreement of August 4, 2000.
[F2]Issued pursuant to 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 of the Board LLC members.
[F3]Exercisable in parts, but not for less than 10,000 units at a time. A "unit" shall consist intially of one share of common stock, but shall be subject to adjustment from time to time.
[F4]On or after July 31, 2000 25% vested On or after October 31, 2000 50% vested On or after January 31, 2001 75% vested On or after April 12, 2001 100% vested Option price shall be 100% of the fair market value of such share of common stock on the date of the grant.
[F5]5,000 exercisable 2/19/1997, and 5,000 exercisable 11/6/1997
[F6]Issued in consideration for partial contribution in obtaining loan commitment from Precision Funding LLC

Documents

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