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BESTNET COMMUNICATIONS CORP·4

Sep 17, 5:10 PM ET

BLANCHARD ROBERT A 4

4 · BESTNET COMMUNICATIONS CORP · Filed Sep 17, 2003

Insider Transaction Report

Form 4
Period: 2003-09-15
BESTNET COMMUNICATIONS CORPBESC.OB
BLANCHARD ROBERT A
DirectorPresident & CEO
Transactions
  • Award

    Stock Options (2) (right to buy)

    2003-09-15$0.52/sh+100,000$52,000→ 300,000 total
    Exercise: $0.52From: 2004-09-15Exp: 2013-09-15→ Common Stock (100,000 underlying)
  • Award

    Stock Options (2) (3) (right to buy)

    2003-09-15$0.52/sh+200,000$104,000→ 700,000 total
    Exercise: $0.52From: 2003-09-15Exp: 2013-09-15→ Common Stock (200,000 underlying)
  • Award

    Stock Options(1) (2) right to buy

    2003-09-15$2.90/sh−475,000$1,377,500→ 200,000 total
    Exercise: $2.90From: 2001-06-19Exp: 2011-06-19→ Common Stock (475,000 underlying)
Footnotes (3)
  • [F1](1) On September 15, 2003 the options were cancelled by mutual agreement between the reporting person and the Compensation Committee of BestNet Communications Corp.
  • [F2](2) Per review of executive contacts by the Compensation Committee comprised of independent directors of BestNet Communications Corp. The following options reflect options involved in the existing employment contract and a two year extension.
  • [F3](3) These options shall vest, if at all, upon achieving positive earnings per share for an entire fiscal year.

Documents

1 file
  • 4
    form4blanchard-091503_ex.xmlPrimary