Frejrud Alex 4
4 · Digital Development Group Corp · Filed Jan 31, 2013
Insider Transaction Report
Form 4
Frejrud Alex
Chief Creative Director
Transactions
- Disposition to Issuer
Stock Options
2013-01-30−200,000→ 200,000 totalExercise: $0.41→ Common Stock (200,000 underlying) - Award
Stock Options
2013-01-30+200,000→ 200,000 totalExercise: $0.11→ Common Stock (200,000 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 two years from September 14, 2012, subject to the continued employment with the Company, and vest immediately upon a change of control of the Company; and (ii) have a 10 year term (or 90 days after termination of employment).