Baker Dan R. 4

4 · AMERICA WEST RESOURCES, INC. · Filed Apr 13, 2010

Form 4

Period: 2009-04-22

DirectorCEO

Transactions

Other
Common Stock
2009-07-17+1,624,990→ 6,141,657 total
Other
12% Convertible Note
2009-04-22
Exercise: $0.02→ Common Stock
Award
Option (Right to Buy)
2010-03-26+4,000,000→ 4,000,000 total
Exercise: $0.20→ Common Stock (4,000,000 underlying)
Award
Option (Right to Buy)
2008-07-01+850,000→ 850,000 total
Exercise: $0.45→ Common Stock (850,000 underlying)
Other
Common Stock
2009-04-22+350,000→ 4,516,667 total

Footnotes (5)

[F1]On April 22, 2009, the Issuer borrowed an aggregate of $35,000 from the Reporting Person, evidenced by an unsecured note maturing on May 22, 2009 and bearing interest at 12% per annum (the "Note"). In an Event of Default (as defined in the Note), all or any part of the unpaid principal and accrued interest due under the Note is convertible into shares of the Issuer's common stock at a conversion price equal to $0.02 per share. As additional consideration, the Issuer issued to the Reporting Person an aggregate of 350,000 shares of its common stock.
[F2]Restricted stock award as payment for the deferral of cash compensation due to Reporting Person.
[F3]The amount of shares of restricted common stock awarded was based on the amount of deferred cash compensation payable divided by the closing price per share on the trading date prior to the date of award.
[F4]Awarded pursuant to the Issuer's 2008 Stock Option Plan. The options vest 100% on March 24, 2011 and are exercisable at any time within three years of such vesting, provided the Reporting Person's employment with the Issuer is not terminated subsequent to the vesting date.
[F5]Options vest 33% each year beginning July 2, 2008 and expire five years from date of vesting, being July 2, 2013, 2014, and 2015 respectively.

Documents

1 file