THOMAS WILLIAM DAVID 4
4 · MAINLAND RESOURCES INC. · Filed Feb 11, 2009
Insider Transaction Report
Form 4
THOMAS WILLIAM DAVID
DirectorCFO/Treasurer
Transactions
- Award
Stock Options
2008-07-09+750,000→ 750,000 totalExercise: $3.00From: 2008-07-09Exp: 2018-07-09→ Common Stock (750,000 underlying)
Footnotes (1)
- [F1]The 750,000 stock options were originally granted on July 9, 2008 at an exercise price of $4.20 per share. The Board of Directors authorized the re-pricing on the 750,000 options to $3.00 based upon consideration of certain factors including current economic conditions and price of natural gas.