WIGET PETER 4
4 · CONSTITUTION MINING CORP · Filed Jan 24, 2011
Insider Transaction Report
Form 4
WIGET PETER
Director
Transactions
- Purchase
Warrant
2011-01-20+205,000→ 205,000 totalExercise: $0.10From: 2011-01-20Exp: 2011-08-20→ Common Stock (205,000 underlying) - Purchase
Common Stock
2011-01-20+205,000→ 205,000 total
Holdings
- 9,500(indirect: By Spouse)
Common Stock
- 125,000
Option to Buy
Exercise: $1.05From: 2009-05-10Exp: 2018-11-10→ Common Stock (125,000 underlying) - 100,000
Option to Buy
Exercise: $1.10From: 2010-07-22Exp: 2020-01-22→ Common Stock (100,000 underlying)
Footnotes (2)
- [F1]205,000 Units were issued to the Reporting Person in exchange for the conversion and extinguishing of $20,500 in debt owed by the Issuer using the conversion price of $0.10 per Unit. Each Unit consists of one (1) share of common stock of the Company, per value $0.001 per share ("Common Stock") and one (1) warrant to purchase one (1) share of Common Stock of the Compnay ("Warrant"). Each Warrant is exercisable for a period of eight (8) months from the date of issuance at a price of $0.10 per share.
- [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 $1.10 per share; one-half (that is, with respect to 50,000 shares) vest on July 20, 2010, and the remaining half (with respect to the remaining 50,000 shares) vest on January 22, 2011.