Bretz Joe Q. 4
4 · Digital Development Group Corp · Filed Jan 31, 2013
Insider Transaction Report
Form 4
Bretz Joe Q.
DirectorPresident
Transactions
- Award
Stock Options
2013-01-30+1,000,000→ 1,000,000 totalExercise: $0.11→ Common Stock (1,000,000 underlying) - Disposition to Issuer
Stock Options
2013-01-30−1,000,000→ 1,000,000 totalExercise: $0.45→ Common Stock (1,000,000 underlying)
Footnotes (2)
- [F1]The stock options were granted to the reporting person on September 14, 2012. On January 30, 2013, these options were re-priced to an exercise price of $0.11.
- [F2]The stock options (i) vest quarterly over a period of one year from September 14, 2012, subject to the continued employment of the officer with the Company, and vest immediately upon a change of control of the Company; (ii) have a 10 year term (or 90 days after termination of employment); and (iii) allow the Reporting Person to cashless exercise the options.