4//SEC Filing
WALKER ALEXANDER H III 4
Accession 0001078782-10-000780
CIK 0000867687other
Filed
Apr 12, 8:00 PM ET
Accepted
Apr 13, 5:51 PM ET
Size
16.3 KB
Accession
0001078782-10-000780
Insider Transaction Report
Form 4
WALKER ALEXANDER H III
DirectorSecretary
Transactions
- Other
Common Stock
2010-03-26+170,000→ 10,189,212 total - Other
Common Stock
2010-03-26+484,000→ 28,015,514 total(indirect: See footnote) - Award
Option (Right to Buy)
2010-03-26+1,000,000→ 1,000,000 totalExercise: $0.20→ Common Stock (1,000,000 underlying) - Award
Option (Right to Buy)
2008-07-01+850,000→ 850,000 totalExercise: $0.45→ Common Stock (850,000 underlying) - Other
Option (Right to Buy)
2010-03-26+3,949,543→ 3,949,543 totalExercise: $0.20Exp: 2013-03-26→ Common Stock (3,949,543 underlying)
Holdings
- 60,000(indirect: See footnote)
Common Stock
Footnotes (6)
- [F1]Restricted stock award issued as consideration for the guarantee of the Issuer's federal lease performance bond obligation.
- [F2]These shares reported are directly owned by the estate of Alexander H. Walker, Jr. Alexander H. Walker, Jr. died on August 3, 2008. The Reporting Person is the executor of the estate of Alexander H. Walker, Jr., and therefore may be deemed to have voting control of such shares, though ownership of such shares shall pass pursuant to the directives of Alexander H. Walker, Jr., which directives have not yet been adjudicated.
- [F3]These shares reported are directly owned by Arlington Ventures, LLC ("Arlington"). The Reporting Person serves as general manager of Arlington. As such, the Reporting Person may be deemed to beneficially own the securities reported herein and owned directly by Arlington. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
- [F4]Pursuant to the Reporting Person's employment agreement, the Reporting Person was entitled to receive an option to purchase one percent of the Company's outstanding stock as of December 31, 2008 and another option to purchase one percent of the Company's outstanding stock as of December 31, 2009. As of January 1, 2009, the Reporting Person was entitled to receive an option to purchase 1,648,510 shares, and as of January 1, 2010, the Reporting Person was entitled to receive an option to purchase 2,301,033 shares. The Issuer issued the options to the Reporting Person in March 2010, and set the exercise price of such options at a price of $0.20 per share.
- [F5]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.
- [F6]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
Issuer
AMERICA WEST RESOURCES, INC.
CIK 0000867687
Entity typeother
Related Parties
1- filerCIK 0001109191
Filing Metadata
- Form type
- 4
- Filed
- Apr 12, 8:00 PM ET
- Accepted
- Apr 13, 5:51 PM ET
- Size
- 16.3 KB