GREENWALD MARTIN W 4

4 · Digital Development Group Corp · Filed Jan 31, 2013

Form 4

Period: 2013-01-30

DirectorChairman of the Board

Transactions

Award
Common Stock
2013-01-21+300,000→ 5,800,000 total
Sale
Common Stock
2013-01-25$0.07/sh−145,000$10,730→ 5,655,000 total
Sale
Common Stock
2013-01-28$0.08/sh−25,000$2,108→ 5,930,000 total
Sale
Common Stock
2013-01-28$0.11/sh−87,900$9,397→ 5,842,100 total
Disposition to Issuer
Stock Options
2013-01-30−1,000,000→ 1,000,000 total
Exercise: $0.45→ Common Stock (1,000,000 underlying)
Award
Stock Options
2013-01-30+1,000,000→ 1,000,000 total
Exercise: $0.11→ Common Stock (1,000,000 underlying)
Award
Common Stock
2013-01-28+300,000→ 5,955,000 total

Footnotes (3)

[F1]The shares were granted to the Reporting Person under the terms of the Company's 2013 Equity Incentive Plan as payment for compensation under the terms of the employment agreement with the Reporting Person. The shares were approved by the Board of Directors of the Company as required by Rule 16b-3(d).
[F2]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.
[F3]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.

Documents

1 file