MASTERS CHARLES G 4
4 · DEER VALLEY CORP · Filed Jan 7, 2011
Insider Transaction Report
Form 4
DEER VALLEY CORPDVLY
MASTERS CHARLES G
DirectorPRESIDENT & CEO
Transactions
- Purchase
OPTION AGREEMENT
2011-01-06+16,703,049→ 16,977,827 totalExp: 2012-03-31→ COMMON STOCK (16,703,049 underlying)
Footnotes (1)
- [F1]The Reporting Person entered into an Option Agreement, exercisable immediately, for (a) 22,463 shares of Series C Convertible Preferred Stock, convertible into 2,296,300 shares of Common Stock, (b) 1,000,000 shares of Series E Convertible Preferred Stock, convertible into 1,000,000 shares of Common Stock, and (c) 13,406,749 shares of Common Stock. The aggregate exercise price under the Option Agreement is $12,000,000.