LOEVNER KIRK 4

4 · PINNACOR INC · Filed Jan 22, 2004

Form 4

Period: 2004-01-16

DirectorPresident & CEO

Transactions

Disposition from Tender
Stock Option (right to buy)
2004-01-16−1,271,260→ 0 total
Exercise: $2.19→ Common Stock (1,271,260 underlying)
Disposition from Tender
Common Stock
2004-01-16−437,500→ 0 total
Disposition from Tender
Stock Option (right to buy)
2004-01-16−500,000→ 0 total
Exercise: $1.22→ Common Stock (500,000 underlying)
Disposition from Tender
Stock Option (right to buy)
2004-01-16−400,000→ 0 total
Exercise: $1.24→ Common Stock (400,000 underlying)

Footnotes (5)

[F1]Disposed of pursuant to merger agreement between Pinnacor, Marketwatch and NMP, Inc. in exchange for either $2.42 per share, in cash, or .2659 shares of NMP, Inc. common stock, or a combination of both, depending on the elections of all the shareholders of Pinnacor.
[F2]This option, which vested 25% on 1/4/03 and thereafter in 12 equal quarterly installments, was assumed by Marketwatch in the merger and replaced with an option to purchase 338,028 shares of Marketwatch stock for $8.23 per share.
[F3]This option, which vested 33% vest on 1/1/04 and thereafter in 8 equal, quarterly amounts, was assumed by Marketwatch in the merger and replaced with an option to purchase 132,950 shares of Marketwatch stock for $4.58 per share.
[F4]This option, which vested 25% on 9/26/03 and thereafter in 10 equal, quarterly amounts, was assumed by Marketwatch in the merger and replaced with an option to purchase 106,360 shares of Marketwatch stock for $4.66 per share.
[F5]The new stock options issued by Marketwatch in exchange for the previous Pinnacor options will expire on January 16, 2005, pursuant to the registrant's amended employment agreement with Pinnacor.

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