GORMAN PAT 4
4 · CONSTITUTION MINING CORP · Filed May 21, 2009
Insider Transaction Report
Form 4
CONSTITUTION MINING CORPCMIN.OB
GORMAN PAT
Director
Transactions
- Award
Option to Buy
2009-05-20+100,000→ 100,000 totalExercise: $0.70From: 2009-11-20Exp: 2019-05-20→ Common Stock (100,000 underlying)
Holdings
- 1,000,000
Common Stock
- 250,000
Option to Buy
Exercise: $1.00From: 2008-08-04Exp: 2018-02-04→ Common Stock (250,000 underlying)
Footnotes (2)
- [F1]The Reporting Person agreed to cancel 750,000 vesting options to purchase shares of the Issuer's common stock at an exercise price of $1.00 per share out of 1,000,000 of such options that had previously been granted to the Reporting Person on February 4, 2008 pursuant to the Issuer's Stock Incentive Plan. As such, the Reporting Person currently owns 250,000 vesting options, one-half of which (that is, 125,000 options) vested on August 4, 2008, and the remaining half (that is, the remaining 125,000 options) vested on February 4, 2009.
- [F2]Pursuant to the Issuer's Stock Incentive Plan, the Issuer granted the Reporting Person a vesting option to acquire 100,000 shares of common stock at an exercise price of $0.70 per share; one-half (that is, with respect to 50,000 shares) vest on November 20, 2009, and the remaining half (with respect to the remaining 50,000 shares) vest on May 20, 2010.