WESTERHOLM GARY 4
4 · MCKENZIE BAY INTERNATIONAL LTD · Filed Jul 29, 2005
Insider Transaction Report
Form 4
WESTERHOLM GARY
DirectorPresident/CEO10% Owner
Transactions
- Award
Stock Option (Right to Buy)
2001-09-20+1,280,000→ 1,280,000 totalExercise: $1.00From: 2003-02-11Exp: 2007-09-30→ Common Shares (1,280,000 underlying) - Sale
Common Stock
2005-07-27$0.90/sh−5,000$4,500→ 4,235,200 total - Sale
Common Stock
2005-07-27$0.95/sh−20,000$19,000→ 4,215,200 total - Sale
Common Stock
2005-07-28$0.88/sh−500$440→ 4,214,700 total
Footnotes (5)
- [F1]After these three sales of common shares,4,122,700shares are held indirectly by the Westeholm Family Trust as to which Mr. Westerholm and his spouse are co-trustees; Mr. Westerholm has also has indirect ownership on 87,500 shares owned by Mr. Westerholm's son who resides in his household. Mr. Westerholm has direct control of 4500 share held in a IRA Account.Total direct/indirect control of common shares 4,214,700.
- [F2]Option Exercise Price on the 1,280,000 stock options aquired ranges from $1.00-$1.88
- [F3]Transaction Dates on Granted Options ranges from 09/20/2001-12/06/2004
- [F4]Date Exercisable ranges from 2/11/2003-12/06/2014
- [F5]Expiration Date on these 1,280,000 stock option aquired ranges from 09/30/2007-12/06/2014