ARC WIRELESS SOLUTIONS INC 4
4 · ARC WIRELESS SOLUTIONS INC · Filed May 18, 2005
Insider Transaction Report
Form 4
ARC WIRELESS SOLUTIONS INCARCS.OB
Transactions
- Award
Common Stock
2005-05-17+44,035→ 8,429,767 total
Holdings
- 28,493(indirect: By LLC)
Common Stock
- 40,000(indirect: By Spouse)
Common Stock
- 500,000
Option: Right to Buy
Exercise: $0.18From: 2003-01-02Exp: 2007-01-02→ Common Stock (500,000 underlying)
Footnotes (2)
- [F1]Shares acquired as part of a Discretionary Employer Matching Contribution into the ARC Wireless Solutions 401(K) Plan.
- [F2]These shares are held by a limited liability company (the "LLC"). The Reporting Person owns 50 percent of the outstanding equity interests in the LLC and is the manager of the LLC. The Reporting Person and one other person are the only members of the LLC. Securities held by the LLC may not be disposed of without the consent of both members. Based on the Reporting Person's ownership in the LLC, the number of shares shown in the table represents 50 percent of the shares owned by the LLC.