4//SEC Filing
NEWPORT MICHAEL J 4
Accession 0001092306-09-000420
CIK 0001395205other
Filed
Oct 4, 8:00 PM ET
Accepted
Oct 5, 1:28 PM ET
Size
6.9 KB
Accession
0001092306-09-000420
Insider Transaction Report
Form 4
NEWPORT MICHAEL J
DirectorPresident/CEO
Transactions
- Award
Stock Options
2009-09-22+1,500,000→ 1,500,000 totalFrom: 2009-09-22Exp: 2019-09-22→ Common Stock (1,500,000 underlying)
Footnotes (2)
- [F1]The Stock Options shall expire ten (10) years from the Effective Date and shall vest in incremental periods as reflected below (each hereinafter the "Vesting Date"). The exercise price at each Vesting Date shall be the lesser of: (a) the thirty day weighted average price of the Company's shares of common stock prior to each of the respective Vesting Date; or (b)_the issue price as established by the Board of Directors of the Company's shares of common stock at each of the equity fundings referenced below in (i).
- [F2]The Vesting Date of the Stock Options is as follows: (i) 500,000 Stock Options when the Company has successfully completed its listing and commences trading of its shares of common stock with a designated trading symbol (the "Trading Date") with the NYSE Amex Equities, formerly known as the American Stock Exchange ("NYSE Amex Equities") or other Senior exchange as the case may be; (ii) 500,000 Stock Options at the one year anniversary date of the Trading Date (the "First Trading Anniversary Date"); and (iii) 500,000 Stock Options at the second year anniversary date of the Trading Date (the "Second Trading Anniversary Date").
Documents
Issuer
MAINLAND RESOURCES INC.
CIK 0001395205
Entity typeother
Related Parties
1- filerCIK 0001428979
Filing Metadata
- Form type
- 4
- Filed
- Oct 4, 8:00 PM ET
- Accepted
- Oct 5, 1:28 PM ET
- Size
- 6.9 KB