Albanese Bernard Joseph 4
4 · INTERACTIVE SYSTEMS WORLDWIDE INC /DE · Filed Jun 29, 2006
Insider Transaction Report
Form 4
Albanese Bernard Joseph
DirectorChairman, CEO and President
Transactions
- Tax Payment
Common stock
2006-06-19$1.95/sh+20,000$39,000→ 206,728 total - Exercise/Conversion
Common stock
2006-06-19$0.70/sh+55,576$39,070→ 226,728 total - Exercise/Conversion
Employee stock option (right to buy)
2006-06-19−55,576→ 0 totalExercise: $0.70Exp: 2006-06-20→ Common Stock (55,576 underlying)
Holdings
- 302,304(indirect: By Trust)
Common stock
Footnotes (2)
- [F1]These shares are held in trust for the benefit of the reporting person's spouse. The reporting person's spouse and daughter are trustees of the trust. The reporting person disclaims beneficial ownership in these secutities and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or any other purpose.
- [F2]Option initially became exerciseable to the extent of 25% of shares subject to this grant on 6/20/97, with the balance becoming exerciseable to the extent of 25% each on 6/20/98, 6/20/99 and 6/20/00.