WOODCOCK DAVID 4

4 · MOST HOME CORP · Filed Feb 3, 2005

Form 4

Period: 2005-01-25

Director10% Owner

Transactions

Exercise/Conversion
stock options
2005-01-25−15,000→ 270,000 total
Exercise: $0.20From: 2003-08-01Exp: 2006-08-01→ common stock (15,000 underlying)
Other
private option
2005-01-26−13,973→ 0 total(indirect: By 612559 B.C. Ltd.)
Exp: 2005-01-31→ common stock (13,973 underlying)
Exercise/Conversion
Common Stock
2005-01-25$0.20/sh+15,000$3,000→ 15,000 total
Other
private option
2005-01-26+56,950→ 56,950 total(indirect: By 612559 B.C. Ltd.)
From: 2005-01-26Exp: 2007-01-31→ Series A Preferred shares (56,950 underlying)
Other
private option
2005-01-26−96,197→ 0 total(indirect: By 612559 B.C. Ltd.)
Exp: 2005-01-31→ Series A Preferred shares (96,197 underlying)

Holdings

stock options
Exercise: $0.60Exp: 2007-11-16→ common stock (300,000 underlying)
300,000
Common Stock
(indirect: By 612559 B.C. Ltd.)
47,311

Footnotes (7)

[F1]On January 26, 2005, 612559 B.C. Ltd. and the optionors agreed to cancel the existing private option to acquire 417,118 common stock and 2,871,559 Series A Preferred shares, and entered into a new private option agreement to acquire 1,700,000 Series A Preferred shares. The Reporting Person is deemed to be the beneficial owner of the securities underlying the private option (56,950 Preferred shares on a proportionate interest basis) as 612559 B.C. Ltd. is granted the right to vote the underlying securities.
[F2]$.30 to $1.
[F3]$.60 to $1.05.
[F4]Immediately.
[F5]N/A.
[F6]Proportionate interest.
[F7]Options to acquire 150,000 shares vest on Nov. 16, 2004 and options to acquire 150,000 shares vest on Jan. 1, 2005.

Documents

1 file