4//SEC Filing
SCHWARTZ JEFFREY L 4
Accession 0001104659-05-034721
CIK 0001000297other
Filed
Jul 27, 8:00 PM ET
Accepted
Jul 28, 2:33 PM ET
Size
15.0 KB
Accession
0001104659-05-034721
Insider Transaction Report
Form 4
TRAFFIX INCTRFX
SCHWARTZ JEFFREY L
DirectorChairman and CEO10% Owner
Transactions
- Other
Common Stock
2005-07-26$6.31/sh−2,330$14,696→ 1,894,865 total(indirect: By Trust)
Holdings
- 100,000
Options
Exercise: $6.75Exp: 2010-03-08→ COMMON STOCK (100,000 underlying) - 105,000
Options
Exercise: $5.70Exp: 2011-11-30→ COMMON STOCK (105,000 underlying) - 185,000
Options
Exercise: $5.90Exp: 2014-09-30→ COMMON STOCK (185,000 underlying) - 8,750
Options
Exercise: $1.75Exp: 2005-09-30→ COMMON STOCK (8,750 underlying) - 50,000
Options
Exercise: $2.31Exp: 2011-04-09→ COMMON STOCK (50,000 underlying)
Footnotes (3)
- [F1]The sales reported hereby were made under a Rule 10b5-1 Selling Plan (the "Plan") of the Jeffrey L. Schwartz Quintel Stock Trust a/o 3/22/00 (the "Trust"), pursuant to which the Trust will be selling up to 23,300 shares of the Registrant's common stock, which sales, according to the Plan, are estimated to be completed over a period ending in February 2006 (subject to certain selling limitations contained in the Plan). The Plan provides that, in any event, no sales will be made later than July 31, 2006. The Filer is neither the beneficiary or trustee of the Trust (although his wife is the sole trustee) and he disclaims any beneficial interest in the shares held by the Trust. None of the Shares held by the Trust are included in the number of securities listed hereunder as being beneficially owned by the Filer. All of the Shares reflected on Table I, Box 5 are owned directly by the Filer.
- [F2]These options are fully exercisable.
- [F3]These options were granted pursuant to an amendment to Filer's Employment Agreement, dated December 1, 2001, as amended (the "Agreement"). 75,000 of such options are immediately exercisable and the remaining 110,000 options vest on November 1, 2005, provided that certain financial milestones, more fully explained in the Agreement, are met.
Documents
Issuer
TRAFFIX INC
CIK 0001000297
Entity typeother
Related Parties
1- filerCIK 0001007632
Filing Metadata
- Form type
- 4
- Filed
- Jul 27, 8:00 PM ET
- Accepted
- Jul 28, 2:33 PM ET
- Size
- 15.0 KB